BARCELONA: Malaysia Digital Economy Corporation (MDEC), a digital economy agency under the Ministry of Communications and Digital, has entered into a Memorandum of Understanding (MoU) with Groupe Speciale Mobile Association (GSMA) at the Mobile World Congress 2023 here, to spur the development of 5G application utilising use cases and accelerate Malaysia’s digital economy growth.
At the MoU signing, MDEC was represented by its chief executive office Ts Mahadhir Aziz, while GSMA was represented by its head of Asia Pacific, Julian Gorman.
“This MoU marks an important milestone for us especially at this vital juncture with the roll-out of 5G in Malaysia, which is expected to 80 percent coverage by the end of 2024. The use cases based on 5G technology has an immense potential to drive significant economic growth, improve social outcomes, and help Malaysia achieve its sustainable development goals, aligned to the Malaysia MADANI vision,” said the Minister of Communications and Digital , Fahmi Fadzil.
“We are confident that this MoU, and with GSMA’s extensive network, experience and know-how, will raise the digital capabilities, capacities and value of our digital economy,” he said.
Among the sectors that will benefit from the use cases include smart cities, Industry 4.0, education, healthtech, environmental monitoring and social inclusivity.
GSMA, on its part, will commit to highlight Malaysia case studies and share of contribution in GSMA Intelligence reports including the APAC Mobile Economy Report and Digital Societies report.
Under the MoU, MDEC and GSMA will also collaborate to drive interest into digital investments in line with the new national strategic initiative, Malaysia Digital, in its promoted sectors and tech enablers. It will also seek to develop the capability and capacity in Malaysia on 5G to drive the interest in Digital Investments.
“GSMA is and will be an important partner for us as we seek to accelerate the growth of our digital economy. With their established credentials as one of the foremost authorities in mobile and digital technology and MDEC’s deep expertise in the digital ecosystem of Asean, the leverage and opportunities to be created under this MoU will be of significant value,” said Mahadhir.
The MoU will also seek to enhance and drive Environmental, Social and Governance (ESG) programmes towards promoting inclusivity and sustainability of the digital economy in Malaysia.
GSMA represents the interests of mobile operators worldwide uniting more than seven hundred fifty (750) operators with almost four hundred (400) companies in the broader mobile ecosystem, including handset and device makers, software companies, equipment providers and internet companies, as well as organisations in adjacent industry sectors.
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