ECONOMY

Intracom moves into Malaysia

Intracom Telecom, controlled by Russia’s JSC Sitronics, has signed a 5-million-dollar (3.48-million-euro) deal to supply Malaysian mobile phone company Maxis Communications Berhad with equipment, the Athens-based company said yesterday. «Intracom Telecom is supplying its next generation of broadband wireless point-to-multipoint system WiBAS, enabling Maxis to effectively backhaul 2G/3G traffic and provide broadband wireless access services in Kuala Lumpur, in Malaysia,» Intracom Telecom said in a statement. The project is expected to be completed in the first quarter of 2010. Intracom Telecom, which recently signed a 12-million-euro contract in Romania, is present in more than 50 countries and operates subsidiaries in Bulgaria, India, the United Arab Emirates and the US, among other nations. Intracom Telecom is 51 percent-controlled by JSC Sitronics, while the remainder is held by Intracom Holdings.