IBO Technology Announces 2022 Interim Results

HONG KONG, Nov 30, 2022 – (ACN Newswire) – IBO Technology Company Limited ("IBO Technology", or the "Company", together with its subsidiaries, the "Group"; Stock Code: 2708.HK) is pleased to announce its unaudited interim results for the six months ended 30 September 2022 (the "Period"). To promote the business development of Information Technology Application Innovation Information ("ITAI") and seize the industry golden opportunities, the Group cooperated with the People's Government of Fucheng District, Mianyang City, Sichuan Province ("Fucheng District People's Government") during the Period to develop an intelligent manufacturing industrial park project.

During the Period, the demand for ITAI IT (terminal products and industry solutions), 5G (communication equipment and private network solutions) and Internet of Things ("IoT") (products and industry solutions), the Group's three major business segments, increased steadily and showed a positive development trend. The Group's revenue for the Period increased by approximately 37.5% to approximately RMB366.15 million (six months ended 30 September 2021: approximately RMB266.28 million), which was mainly benefited from the significant growth in the revenue of intelligent terminal products sales business of the Group for the Period as driven by the economic recovery, while the Group's gross profit also increased by approximately 14.2% to approximately RMB76.33 million (six months ended 30 September 2021: approximately RMB66.85 million). Gross profit margin was 20.8% (six months ended 30 September 2021: 25.1%), mainly due to the increase in the revenue from the intelligent terminal products sales business, which has a relatively low gross profit margin, from 77.5% of the Group's total revenue for the corresponding period of 2021 to 85.7% for the Period. The Group's profit attributable to owners of the Company increased by approximately 69.1% to approximately RMB7.39 million for the Period (six months ended 30 September 2021: approximately RMB4.37 million), which was mainly due to the significant growth of revenue and gross profit during the Period as driven by the substantial increase in the revenue from the intelligent terminal products sales business during the Period, as compared with 2021, and also the decrease in the Group's administrative expenses, finance costs, research and development expenses and income tax expenses during the Period as compared with the corresponding period of 2021.

Huge Room for Domestic Substitution and Strong Demand for ITAI Industry

The central government has incorporated the ITAI industry into the national development strategy, and has continuously introduced relevant policies to support the development of the industry, indicating that the PRC's ITAI industry has entered into an accelerated stage of domestic substitution. At present, the ITAI industry presents a huge market space and unprecedented market opportunities. Benefiting from the central and local governments' efforts to promote ITAI procurement, the scale of ITAI industry in the PRC has been growing rapidly, and the Group has penetrated into various key industries such as finance, telecommunications and energy. The market demand for purely domestically-produced software and hardware has accelerated, driving the development of the entire industry chain into a new "rillion-dollar industry".

Actively Seizing the Opportunity of Domestic Substitution, the Demand for Major Business Segments Increased Steadily

During the Period, intelligent terminal products sales business remained as the main source of the Group's income, accounting for approximately 85.7% of total revenue. During the Period, the Group focused on the development, production and sales of customised IoT smart terminals to customers. Benefiting from the recovery of economic activities, revenue from the intelligent terminal products sales business increased by approximately 52.2% to approximately RMB313.87 million (six months ended 30 September 2021: approximately RMB206.26 million).

With regards to software development, the Group plans and designs the software system frameworks and function lists for customers, and provides customised software application development services based on their business and management needs. Leveraging on its strong software development capabilities, the Group has been providing quality software application development services to serve customers in different industries for many years. Affected by the decrease in demand for seasonal services, the segment recorded a revenue of approximately RMB46.16 million for the Period (six months ended 30 September 2021: approximately RMB54.92 million), accounting for 12.6% of the Group's total revenue.

With regards to system integration and system maintenance services, the Group's segmental revenue were approximately RMB0.26 million (six months ended 30 September 2021: approximately RMB20,000) and approximately RMB5.86 million (six months ended 30 September 2021: approximately RMB5.08 million) respectively.

Boosted ITAI Business Development to Grasp the Market Gap of the ITAI Industry

In addition, the Group entered into a memorandum of understanding, an investment agreement and a supplemental agreement on the "IBO Technology Intelligent Manufacturing Industrial Park Project*", and also formed a joint venture with Fucheng District People's Government during the Period. The "IBO Technology Intelligent Manufacturing Industrial Park Project" is the first time that the Group has cooperated with the national government to launch an intelligent manufacturing industrial park project, proving that the Government is optimistic about the prospect of ITAI industry. It also marks a significant milestone for the Group since its entry into the ITAI industry in 2020, as a sign that the Group's development in ITAI industry has been widely recognised by the government.

The "IBO Technology Intelligent Manufacturing Industrial Park Project" is to be invested in three phases. The investments in Phase I, Phase II and Phase III are projected to be RMB1.5 billion, RMB2 billion and RMB7 billion respectively. The project will accelerate the launch of domestically-produced products. For Phase I of the project, approximately 200,000 square-meter factories and ancillary facilities will be built. Approximately 2.5 million units of notebook computers, all-in-one computers, highly integrated desktop computers, cloud terminals and other ITAI terminal products can be produced annually when full production capacity of Phase I is reached. A high-end ITAI industrial park will be built in Phase II, and 5G equipment, energy storage equipment industrial park project, etc. will be built in Phase III. Moreover, Fucheng District People's Government will invest RMB400 million through Sichuan Fuchuang Development Group Limited, a state-owned company, to form a joint venture with a subsidiary of IBO Technology to collobrate in the "IBO Technology Intelligent Manufacturing Industrial Park Project".

The Board believes that the "IBO Technology Intelligent Manufacturing Industrial Park Project" will build a "closed-loop" ecosystem of the ITAI industry, so as to strengthen the supply chain synergy, production and manufacturing synergy and technology synergy of upstream and downstream enterprises. The base will be a key project to promote the Group's future development. It is expected to improve the Group's production capacity, build strong product delivery capabilities and optimise cost management, which will help the Group continue to boost the development of domestically-produced ITAI industry and product research and development, accelerate the launch of products, in order to meet the strong demand for ITAI products from the market and the government. Thus, it will help the Group actively grasp the market gap and unprecedented market opportunities.

Entered the Quantum Computing Industry, Expanding Revenue Stream

Furthermore, the Group announced that it will enter into a cooperation agreement with Shenzhen SpinQ Technology Co., Ltd. in respect of quantum computing cloud platform development project. Centering on practical applications of quantum computing products and technologies by enterprises engaged in such areas as e-government, scientific research institutes, education, finance, and biopharmaceuticals in cloud computing, big data, and other areas, the parties will pursue cooperation on the development of domestically-produced quantum computing cloud platform project.

Both parties have determined to form strategic partnership. They will both demonstrate complementary technological and marketing prowess, and will continue to integrate their respective advantageous resources, increase customer values, and achieve mutually beneficial cooperation. Leveraging on the technical advantages over quantum computing systems and application ecosystems of Shenzhen SpinQ Technology Co., Ltd., the Group is expected to enter the quantum computing industry through this cooperation, further expanding its revenue stream.

Synergistic Advantages of Three Major Businesses to Build a Moat

Looking ahead, leveraging on the close connection and synergy among the three major business segments, namely 5G, ITAI and IoT in the aspects of underlying technology, application technology, supply chain, project and business model, the Group will strive to seize the opportunities in the golden market, further strengthen and expand its own business, promote the healthy development of its business through multiple channels, actively identify suitable merger and acquisition targets that can create strong synergies with its existing principal business to support the Group's operation and rapid development. IBO Technology will continue to pursue breakthroughs, research and develop and launch more new high-quality products and services, so as to deliver better results and make positive contribution to the development of ITAI and 5G industries in China.

* For identification purpose only

About IBO Technology Company Limited
IBO Technology Company Limited (Stock code: 2708.HK), a leading digital solutions provider, is principally engaged in providing 5G communication equipment and private network solutions, ITAI terminal products and industry solutions, IoT products and solutions, as well as industrial digital solutions in the PRC. The Group's businesses mainly cover four areas, namely (i) intelligent terminal products sales; (ii) system integration; (iii) software development; and (iv) system maintenance services. With nearly 20 years penetration in the IoT industry, the Group serves customers from both the public and private sectors in the PRC, including government authorities, large-scale state-owned enterprises and private enterprises. In 2022, the Group cooperated with the People's Government of Fucheng District, Mianyang City, Sichuan Province to develop an intelligent manufacturing industrial park project, striving to promote the development of ITAI products in future.

For more details, please visit: http://www.ibotech.hk/


Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Bintai Kinden Ventures into Telco through Agreement with MN Permai Netcom

PETALING JAYA, Malaysia, Nov 10, 2022 – (ACN Newswire) – Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, today announced that the Company's wholly-owned sub-subsidiary, Johnson Medical International Sdn. Bhd. (JMI), has formalised a strategic venture with MN Permai Netcom Sdn. Bhd. (MNP) for the sales, marketing and installation of telecommunication services to healthcare centres and other medical sites governed by the Ministry of Health of Malaysia (MOH) under JMI's portfolio.


Azri Azerai, Executive Director of Bintai Kinden


JMI is specialised in healthcare solutions and medical support systems while MNP is an end-to-end telecommunications solutions provider covering smart fiber-to-the-home, smart cloud solutions, broadband, 3G as well as 4G/5G offload, smart poles and business cloud solutions, among others.

Under the agreement, JMI will market telecommunication services to the MOH or any private hospital provided by MNP, which will be involved in sales as well as the installation of the services.

Services provided by MNP include managing the backhaul network; supplying and installing access network equipment; interconnection with third parties; designing the interconnection and backhaul network infrastructure; designing infrastructure access network; maintaining the access network; supplying and installing technical-based on-site requirements and; providing maintenance services.

Azri Azerai, Executive Director of Bintai Kinden (Download) Azri Azerai, Executive Director of Bintai Kinden said, "This agreement leverages on the strengths of both parties. JMI has a network of hospital contacts with a solid presence in Malaysia and understand the needs of hospitals and people who work in them. We listen to our customers and want to provide them with services or products that solves their problems or fulfil their needs. The telecommunications services offered by MNP enables faster data transfer speed as well as application performance, faster streaming of videos, reduces buffering, increases data transfer capability and enables interactivity."

Malik Faizal Bakar, Managing Director of MNP said, "We look forward to working with JMI to provide telecommunications infrastructure and services to hospitals. Ever since our establishment in 2014, we have expanded to become a provider of comprehensive services ranging from planning, building, operating and optimising networks including inside plant solutions, outside plant solutions and technical support. We also have the expertise in managing large telco infrastructure projects as we were awarded a 120-km fiber optic project in Penang."

Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

A Focus on Content and the Consumer is the Key Driver for Growth and Sustainability in Asia

Singapore, Nov 7, 2022 – (ACN Newswire) – The annual marquee event of the Asian video industry, the Asia Video Summit, returned in full swing, hosting over 300 delegates in person and online as a hybrid conference, amidst a time of immense innovation and disruption in the video industry.



The Summit opened with clear views from industry stalwarts, Henry Tan, Group CEO, Astro, Clement Schwebig, Chairman, Asia Video Industry Association (AVIA), and Vivek Couto, Executive Director, Media Partners Asia, that a return to profitability and a focus on revenue was much needed for sustained growth across Asia. Though Asia was a huge but diverse and difficult market, there was no doubt certain markets will continue to grow, said Couto. However, disruption was going to continue for the next few years, added Tan, and all players had to be prepared for a rollercoaster ride.

James Gibbons, President & Managing Director, Western Pacific, Warner Bros. Discovery, also shared his views on the massive changes that the industry had gone through over the last decade. While there used to be a real emphasis on subscriber growth, and the belief that the market for subscription video-on-demand was infinite, a business without an advertising component was no longer meaningful. A wholesale reassessment of how to assess the growth and value of a company was now needed. And content was no longer an individual line of business, but represented an entire franchise opportunity that enabled businesses to build a special relationship with their consumers across all touchpoints.

This focus on content certainly resonated through the Summit. For Donovan Chan, Founding Partner, Beach House Pictures, sticking to premium programming that was efficiently produced at a high quality to deliver on what the audiences want and need was a key part of his strategy to move more content from East to West. Kirana Cheewachuen, Deputy Director, Planning & Business Development, Strategic Content Group, True Corporation, also added that with Korea leading in script development, there was also a need to attract and develop the right talent in order to discover the secret sauce behind the success of Korean content, and hopefully replicate it in other parts of Asia.

However, while content was king, it was not an 'either or' situation, it needed to be across content, activation, distribution, and pricing, said Manish Kalra, Chief Business Officer, ZEE5 India. Leading on to rebundling, Ricky Ow, Partner, Quest Ventures, also shared that it was not 'one size fits all' and that there was a need to meet personal consumer demand and at a price point that made sense. There was also the need to solve this problem as a benefit to consumers as well as content providers, for less churn and more sustainability. For Clarissa Tanoesoedibjo, Managing Director, Vision+, aggregation was the way moving forward, with more integration across the ecosystem.

The topic of sustainability was certainly one that reiterated with the panellists this year as well. Chris Sewell, Founder, Net Zero Media, felt that more verifications and guidelines were needed around businesses to help people make informed decisions. Similarly, Esther Peh, Associate Director, Public Policy, Asia, Warner Bros. Discovery, also said that while there were industry wide tools to help take the first step towards being more conscious about your footprint and being more aware of the environmental impact, it was still very much at the nascent phase, and it was important for industry stakeholders and partners to come together. For Globe Telecom, Apple Evangelista, Head, Sustainability and Social Responsibility, while it was becoming a standard in the way they did business, there was also a need to reduce value chain emissions, both upstream and downstream, with the next step being customer education after greening the value chain.

On the advertising front, stakeholders too needed to come together as there was certainly enormous opportunity for growth in the OTT advertising space, which was currently under-indexed in Asia. While OTT was the natural evolution of TV, Elaine Tan, Head of Sales, Southeast Asia, International Business Department – Advertising, iQIYI International, felt that OTT was not quite mainstream as yet and there was still a lot of room to grow in the premium space especially with premium Asian content. "If we bring the content that users want, the growth will follow," said Tan, with the advertising dollars following suit as well after.

And though TV was evolving to OTT and Connected TV(CTV), for Alex Lowes, Vice President, Client Engagement and Growth, APAC, Finecast, the one commonality was that they were both addressable premium broadcast quality content. And with addressable TV becoming part of an omnichannel strategy, addressable TV was the future. However, a key challenge that still remained for Kanika Manglik, Regional Managing Partner, Investments Strategy, Mindshare, was the adoption of unified measurement.

Despite these challenges, there was still much positivity among the panellists. Vignesh Narayanan, CEO, Airtel Ads, shared his prediction that US$200M was the addressable opportunity in India on the table over the next 2 years. Summing it up, Alysha Dino, Senior Director, Global Business Development, Publica, added that with 50% of viewers in Southeast Asia watching content online, this was a transforming time in the industry in Asia Pacific, to make these challenges into a good opportunity.

The Asia Video Summit is proudly sponsored by Gold Sponsors Brightcove, BytePlus, INVIDI, PubMatic, Tencent Cloud, TV5MONDE, Silver Sponsors AsiaSat, Broadpeak, Dolby, Edgio, Gracenote, InvestHK, Irdeto, Magnite, MEASAT, Mirada, NAGRA, SES, Synamedia, YouTube. Create Hong Kong of the Government of the Hong Kong Special Administrative Region as the Lead Sponsor supports the Community Outreach Programme that provides complimentary passes for local video and creative industries-related SMEs and tertiary students to participate in the virtual Summit. Complimentary in-person Mentoring Workshops will also be held on 10 November to provide insightful tips about the media industry.

About the Asia Video Industry Association

The Asia Video Industry Association (AVIA) is the trade association for the video industry and ecosystem in Asia Pacific. It serves to make the video industry stronger and healthier through promoting the common interests of its members. AVIA is the interlocutor for the industry with governments across the region, leads the fight against video piracy through its Coalition Against Piracy (CAP) and provides insight into the video industry through reports and conferences aimed to support a vibrant video industry.

About Create Hong Kong

Create Hong Kong (CreateHK) is a dedicated office set up by the Government of the Hong Kong Special Administrative Region (HKSAR Government) in June 2009 to spearhead the development of creative industries in Hong Kong. From 1 July 2022 onwards, it is under the Culture, Sports and Tourism Bureau. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, and promoting Hong Kong as Asia's creative capital and fostering a creative atmosphere in the community.

For media enquiries and additional background information on Asia Video Summit 2022, please contact:
Charmaine Kwan
Head of Marketing and Communications
Email: charmaine@avia.org
Website: www.avia.org
|LinkedIn: www.linkedin.com/company/asiavideoia |Twitter: @AsiaVideoIA


Disclaimer: Create Hong Kong of the Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organisers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, Create Hong Kong, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee.

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Digital Nigeria 2022: NITDA Director General tasks Tech Innovators with Problem Solving

ABUJA, NG, Oct 31, 2022 – (ACN Newswire) – The Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa, CCIE has challenged Nigerian tech innovators and entrepreneurs to identify problems bedeviling the nation with the view to proffering solutions because the government has provided a level playing field for them to achieve just that.


NITDA Director General and conference host Kashifu Inuwa, CCIE, challenged Nigerian tech innovators and entrepreneurs to identify the problems bedeviling the nation, …with a view to proffering solutions. [Image: NITDA]

Day Three of the Digital Nigeria 2022 International Conference, tagged "Start-Up and Innovation Ecosystem Day", four enlightening Panel Discussions before "The Future is Tech". [Image: NITDA]

Minister of Comms & Digital Economy, Professor Isa Pantami, inaugurated the Digital Economy Industry Working Group (DEIWG) to accelerate the digital economy agenda in the country. [Image: NITDA]

Tech-drivers, the Digital Nigeria Family at the conclusion of the three-day Digital Nigeria 2022 International Conference & Exhibitions in a group photograph for the ages. [Image: NITDA]


Inuwa stated his challenge during Day 3 of the Digital Nigeria 2022 International Conference, held in Abuja. Inuwa noted that for Nigeria to succeed, the tech ecosystem needs every stakeholder on board to play their roles as required of them. "To build a very strong tech ecosystem, we need the government, the higher institutions, we need the entrepreneurs, the risk capitalists and corporate organisations, everybody has its own role to play."

He stated that the government is playing its role by creating a level playing ground by formulating policies, legal framework, regulations and intervening in providing infrastructure to the underserved and unserved communities, reiterating that the government is doing more than enough in these regards.

"The government needs you, needs your commitment the same way the government is committed. For the higher institutions, we need you to produce high quality education to the people because innovation, digital economy or knowledge-based economy are all human capital economy."

"Your greatest resources are not the mineral resources but it is what you have in your brain; we need higher institutions to produce the right skill, talents and people with entrepreneurial skills," Inuwa noted. He claimed that the government is doing more than enough in terms of building human capital and "this is beyond conventional educational systems."

The government has several initiatives to achieve the 90% digital literacy, which would go a long way in building the tech ecosystem. He said, "We need the numbers. We need people to have skills to use in the digital based technological environment, and that is why we are training people on high earned skills to build the digital service, because digital service is a product-based economy."

He listed part of government initiatives to include the partnership between the Nigerian government and Microsoft to train 5 million Nigerians, the partnership with COUSERA to train 24,000, and several others which aimed at positioning Nigeria to be the global talent factory.

"One of the digital prints we need in the ecosystem is the legal framework. Just last week the President signed the Nigeria Start up bill into law so all these are to level the playing field for you."

"For the entrepreneurs, now you have the playing field; it is left for you to take your ideas from invention to impact and in Nigeria and even Africa in general, we have a lot of problems awaiting solutions. And technology can serve as inspiration for you to solve these problems so all you need is to explore how you can solve the problems and impact lives," he said.

While decrying the imbalance in the distribution of global wealth and prosperity, Inuwa maintained that with the thriving tech ecosystem, the imbalance would be corrected. He added that successful countries have three things in common, namely innovation, entrepreneurship and a good ecosystem, as nobody succeeds in isolation.

"Even in Nigeria," said he, 'if you look at the ecosystem, Lagos alone is contributing almost one quarter of the Nigerian Gross Domestic Product (GDP), and when you talk about the tech ecosystem, Lagos attracts more than 50%; so why?"

He however sued for replication of the feat in all other parts of the country. "We can build this kind of ecosystem across the country because every part of the country has its strength and weakness. If we can leverage on the strength, we can build the same ecosystem to engender prosperity, because innovation is the only thing that can lead any nation to prosperity."

Day 3 of the Digital Nigeria 2022 International Conference, which was tagged "Start-Up and Innovation Ecosystem Day", witnessed various enthralling discussions with the lead speech on "Innovative Ecosystem and Investors' Perspectives" presented by Satesh Elwani, Managing Director, Melsons Group.

The panel sessions focused on: "Building a Thriving and Sustainable Start-up and Innovation Ecosystem for Nigeria's Digital Economy;" "A Tent Approach to Addressing the Talent Gap Issues;" "Exploring the Funding Opportunities for Nigerian Start-ups" and "Unlocking Nigeria's Innovation Potential for Economic Growth and Prosperity."

About Digital Nigeria
The Digital Nigeria International Conference & Exhibition is the flagship annual awareness program of the Digital Economy. Formerly eNigeria Conference & Exhibitions, the event was re-branded to expand in line with the National Digital Economy Policy & Strategy (NDEPS). It aims to brainstorm on contemporary issues of relevance from across the globe in order to address the Nigerian challenges for sustainable socioeconomic development. It is a platform for creating Information and Communications Technology (ICT) awareness, for associated framework development, and for charting best practices. Learn more at www.digitalnigeria.gov.ng.

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Asia Video Summit Returns in 2022 with a Focus on a Future of Growth and Sustainability in Asia

Singapore, Oct 25, 2022 – (ACN Newswire) – The annual marquee event of the Asian video industry, the Asia Video Summit (https://asiavideosummit.com), will return as a full hybrid event this year on 1-2 November 2022, with physical events in both Hong Kong and Singapore, as well as a live stream of all sessions to be made available on its interactive event platform.




The Asia Video Summit is organized by Asia Video Industry Association (AVIA) with Create Hong Kong of the Government of the Hong Kong Special Administrative Region as the Lead Sponsor. The aim of the Asia Video Summit (Summit) is to tell a holistic story of the state of the video industry, looking at all aspects of it and articulated by its decision makers, to provide its delegates with a comprehensive view of the state of the video industry today.

In the post-COVID-19 era, media and entertainment companies have been the darlings of Wall Street. This narrative has recently changed, however, and arguably irrational exuberance has given way to irrational pessimism. But is the streaming business model fundamentally flawed, or is this just a recalibration in an era of inflation and post-pandemic trauma? How do the trajectories of investment vs monetization balance each other? And where does Asia sit compared to other parts of the world? Do subscriber numbers foretell a golden period of growth in Asia that can counter negative narratives from the West?

At this year's Summit, we will be speaking to the people who are determining the future of the video industry in Asia. Besides the State and Future of the Video Industry, we will also explore the growing role and Advance of Advertising, the technology Behind the Customer Experience, a detailed look at the role of News and Sports today and the burning topic of Environmental Sustainability.

Some of the key speakers of the Summit include:
Saugato Banerjee, Managing Director Asia, A+E Networks
– Johan Buse, Chief, Consumer Business Group, StarHub
– Kirana Chew, Deputy Director, Planning & Business Development, Strategic Content Group, True Corporation
– Vivek Couto, Executive Director, Media Partners Asia
– James Gibbons, President & Managing Director, Western Pacific, Warner Bros. Discovery
Phil Hardman, Senior Vice President & General Manager, Asia, BBC Studios
– Nicholas John, Vice President, Head of Sports, Astro
– Manish Kalra, Chief Business Officer, ZEE5
– Mike Kerr, Managing Director Asia, beIN Asia Pacific
– Sidd Mantri, Head of Product – Developing Markets, Disney Streaming
– Vignesh Narayanan, Chief Executive Officer, Airtel Ads
– Parminder Singh, Chief Commercial Officer & Chief Digital Officer, Mediacorp
– Jay Yang, Chief Executive Officer, TVING
– Nini Yusof, Deputy Chief Executive Officer, Media Prima Television Networks

Join us in person at the Asia Video Summit 2022, where, bull or bear, optimist or pessimist, we will ask those who are making the decisions and deciding the destiny of the Asian video industry the hard questions all of us are thinking. All sessions of the Summit will also be livestreamed on the event platform. For more details of this year's Summit programme and speakers, visit www.asiavideosummit.com

The Asia Video Summit is proudly sponsored by Gold Sponsors Brightcove, BytePlus, INVIDI, PubMatic, Tencent Cloud, TV5MONDE, Silver Sponsors AsiaSat, Broadpeak, Dolby, Edgio, Google, Gracenote, InvestHK, Irdeto, Magnite, MEASAT, Mirada, Nagra, SES, Synamedia. Create Hong Kong of the Government of the Hong Kong Special Administrative Region as the Lead Sponsor supports the Community Outreach Programme that provides complimentary passes for local video and creative industries-related SMEs and tertiary students to participate in the virtual Summit. Complimentary in-person Mentoring Workshops will also be held on 10 November to provide insightful tips about the media industry.

About the Asia Video Industry Association

The Asia Video Industry Association (AVIA) is the trade association for the video industry and ecosystem in Asia Pacific. It serves to make the video industry stronger and healthier through promoting the common interests of its members. AVIA is the interlocutor for the industry with governments across the region, leads the fight against video piracy through its Coalition Against Piracy (CAP) and provides insight into the video industry through reports and conferences aimed to support a vibrant video industry.

About Create Hong Kong

Create Hong Kong (CreateHK) is a dedicated office set up by the Government of the Hong Kong Special Administrative Region (HKSAR Government) in June 2009 to spearhead the development of creative industries in Hong Kong. From 1 July 2022 onwards, it is under the Culture, Sports and Tourism Bureau. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, and promoting Hong Kong as Asia's creative capital and fostering a creative atmosphere in the community.

For media enquiries and additional background information on Asia Video Summit 2022, please contact:

Charmaine Kwan
Head of Marketing and Communications
Email: charmaine@avia.org
Website: www.avia.org |LinkedIn: www.linkedin.com/company/asiavideoia |Twitter: @AsiaVideoIA


Disclaimer: Create Hong Kong of the Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organisers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, Create Hong Kong, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee.

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Communications Association of Hong Kong supports the new initiatives on telecommunications industry in the Chief Executive’s 2022 Policy Address

HONG KONG, Oct 19, 2022 – (ACN Newswire) – Communications Association of Hong Kong (CAHK) fully supports the Chief Executive's 2022 Policy Address, in particular Hong Kong I&T Development Blueprint in the chapter on "International Innovation and Technology Centre", focusing on industries such as life and health technology, artificial intelligence and data science, as well as advanced manufacturing and new energy technology.

We welcome the Hong Kong SAR Government's planning in the four specific areas: (1) to improve the I&T ecosystem and achieve "re-industrialization" in Hong Kong; (2) to enlarge the I&T talent pool to create strong impetus for growth; (3) to develop Hong Kong into a smart city to improve the quality of life of our people; and (4) to proactively integrate into the overall development of the country and consolidate Hong Kong's advantages as an international city.

We are pleased to see that the Government has accepted the proposal to expand the 5G network, and will further amend the legislation next year to ensure that appropriate space will be made available in new buildings for installation of mobile communication facilities. The initiative will facilitate the telecommunications industry on their architectural blueprint development of 5G network, and will also steer the direction for the development of application solutions including finance, retail, education, and art.

The 2022 Policy Address proposes to attract leading I&T talents around the globe. By collaborating with the Office for Attracting Strategic Enterprises (OASES), the Government will provide special facilitation measures in a targeted manner to attract top-notch I&T talents to come with their businesses or R&D achievements. This initiative will help to resolve the current serious shortage of talents, and in the long term to provide the talent pool for high-potential industries.

We believe that these initiatives will help Hong Kong ICT industry to compete effectively with the neighbouring countries and regions; provide support for the development of I&T; and accelerate our digital transformation.

About Communications Association of Hong Kong

CAHK is a non-profit making organisation incorporated in Hong Kong on 27 May 1983 following the announcement of deregulation of local communication products and services. It is the association for Hong Kong's communications industries, with responsibilities across broadcasting, wireline and wireless communications, and other sectors in information communications technology.

For more information, please visit: www.cahk.hk

This press release is distributed by Communications Association of Hong Kong.

For enquiries, please contact:

Communications Association of Hong Kong
Mrs. Irene Kwok, Manager
Tel: (852) 2504 2732
Fax: (852) 2504 2752
Email: info@cahk.hk


Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

CITIC Telecom CPC wins Best in Future of Operations at IDC Future Enterprise Awards 2022

HONG KONG, Oct 19, 2022 – (ACN Newswire) – CITIC Telecom International CPC Limited (CITIC Telecom CPC), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited ("CITIC Telecom", SEHK: 1883) and a leading Global DICT solutions provider, together with OutSystems, a global leader in high-performance application development, announce an award win from International Data Corporation (IDC). CITIC Telecom CPC was named Hong Kong Winner of the Best in Future of Operations in IDC's Future Enterprise Awards 2022 for the company's AI Cognitive Object Recognition Systems.


CITIC Telecom CPC wins Best in Future of Operations at
IDC Future Enterprise Awards 2022


CITIC Telecom CPC's AI Cognitive Object Recognition System, developed by in-house Information Technology Services & Data Science Team was selected among over hundreds of high-quality entries from various industries and leading enterprises. The surge in demand for warehouse capacity and the importance of a smooth-running operation has become increasingly clear over the past 2 years. CITIC Telecom CPC has formed its in-house Research and Development team in 2017, backed by the technological capabilities and strategic flexibility, the team has developed and implemented the Smart Warehouse Solution within six months. This rapid innovation was achieved by combining rapid visual development-powered by the OutSystems high-performance low-code platform-alongside AI-enabled COR technology that CITIC Telecom CPC had previously developed.

Key benefits of the award-winning Smart Warehouse solution
Since its inception, the Solution has realized 88% time saving for warehouse equipment receipts and the management of inventory, facilitating engineers to collect equipment from warehouses faster by 90%. This automation has allowed for HK$2.4 million cost savings in software license and equipment, along with achieved employee efficiency by reducing 89% of staff time.

Accelerating the speed and accuracy with combined intelligent technologies
By implementing this innovative AI-powered solution, CITIC Telecom CPC was able to replace legacy barcode labels, printers, and dedicated handheld scanners with a mobile application called "CEEM" built on the OutSystems platform. Used by warehouse staff and engineers on standard smartphones, the app combines machine learning, computer vision, and COR to locate and count objects in 95 milliseconds with 99% accuracy.

The CEEM app has made the equipment inventory and management process faster, more reliable, and more real-time. Thanks to the flexible integration supported by the OutSystems platform, CITIC Telecom CPC eliminated disjointed and costly scanning software. The CEEM app now updates the core inventory database in real-time.

Realizing the full potential of the intelligent innovation across industries
As is the case for many of CITIC Telecom CPC's innovations, what started as an agile innovation project focused on in-house process improvement, has evolved into a customer-facing proposition, and won several proof-of-concept projects with top brands in healthcare, manufacturing and logistics, as well as being accredited with reputable regional market awards, including:

— Global Awards 2022 Best Innovative Value Added Service Provider by Carrier Community
— International Innovation Awards 2021 by Enterprise Asia
— Datacloud Global Awards 2021 by Broad Group
— CAHK STAR Awards 2021 Best Innovation for Future Enterprise – Gold

"We appreciate IDC's recognition of CITIC Telecom CPC as the Best in Future of Operations with Smart Warehouse solution. It is a testament to our commitment to exploring and exploiting pioneering technologies to differentiate from competitors and to deliver exceptional user experiences. " said Mr. Ivan Lee, Vice President, Information Technology Services & Data Science of CITIC Telecom CPC. "Thanks to the speed and flexibility of development with our technology partner, OutSystems, who is integral to meeting the complex business requirements and seizing new digital opportunities to empower innovative products, services, and business models."

CITIC Telecom CPC's Smart Warehouse solution leverages the latest Cognitive Object Recognition (COR) technology, one of the many disruptive innovations the company has brought to market, including artificial intelligence (AI), augmented reality (AR), big data, IoT, and low-code application development. By harnessing the advanced technologies, the Smart Warehouse solution saved a remarkable ~90 percent of warehouse staff time when executing routine tasks.

Mr. Lee continues, "Upholding our core values "Innovation Never Stops", we continuously strive to contribute our R&D excellence in different technologies like Blockchain and NLP to create a better digital future and scale the company into a leading intelligent ICT-enabler in the new era."

CITIC Telecom CPC has embarked on an innovative and intelligence transformation journey with its Intelligence and Communications Transformation MiiND (ICT-MiiND) strategy, to cater for the changing needs of the future. The company continually invests in research and development to improve internal operations and deliver innovative customer-facing products and services, and artificial intelligence is a core focus of that R&D recently. The company's ability to deliver the Smart Warehouse Solution in just six months demonstrates the agility advantage CITIC Telecom CPC enjoys having set up a dedicated data science and innovation team to spearhead research and development in AI, ML, and deep learning.

Mr. Mark Weaser, APAC Vice President at OutSystems, said, "CITIC Telecom CPC's 'Best in Future of Operations, Future Enterprise Award' from IDC is a testament to the company's innovative culture and development approach. Time and again, we see OutSystems used alongside artificial intelligence to deliver disruptive innovation. OutSystems provides the development speed and agility needed to quickly turn brave experiments into brilliant digital products, as this award recognizes. We congratulate CITIC Telcecom CPC and are proud to have played a part in their success."

Mr. Daniel-Zoe Jimenez, Vice President for Digital Innovation, CX & SW Applications, DNB and SMB Research, IDC Asia/Pacific said, "Innovation is not a project, but instead it's a journey; and CITIC Telecom CPC motto 'innovation never stops' is a good reflection of this. By leveraging digital technologies to unify enterprise data streams, the warehousing and engineering teams effectively increased the warehouse inventory management system's efficiency and operational resilience. As Hong Kong's Best in Future of Operations 2022, CITIC Telecom CPC is recognized by IDC due to its ability to rethink the way operations are managed, shifting to a model that fosters data-driven resilient decision making, by leveraging real-time data, digital engineering, and data science."

About CITIC Telecom CPC
We are CITIC Telecom International CPC Limited ("CITIC Telecom CPC"), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), serving multinational enterprises the world over by addressing their specific ICT requirements with highly scalable tailored solutions built upon our flagship technology suites, comprising TrueCONNECT(TM) private network solutions, TrustCSI(TM) information security solutions, DataHOUSE(TM) cloud data center solutions, and SmartCLOUD(TM) cloud computing solutions.

With the motto "Innovation Never Stops," we leverage innovative technologies, embracing AI, AR, Big Data, IoT, and other cutting-edge emerging technologies to transform technical potential into business value for our customers. As an enterprise digital transformation partner, we strive to help our customers achieve industry-leading positions, high agility, and cost-efficiency through digitalization.

With our Global-Local capabilities, we are committed to providing our customers with one-stop-shop ICT solutions with superior quality. Having a worldwide footprint across 150 countries, including Asia, Europe and America, Africa, the Middle East, and Central Asia, our global network resources connect over 160 points of presence (POPs), 21 Cloud service centers, 30+ data centers, and two dedicated 24×7 Security Operations Centers (SOCs). We are certified with a series of international certifications, including SD-WAN Ready, ISO 9001, 14001, 20000, 27001, and 27017, to ensure our services compliance with international standards and resources for enterprises. We offer local professional services, superior delivery capabilities as well as exceptional customer experience and best practices through our global presence and extensive industry know-how, becoming a leading integrated intelligent ICT service provider to enterprise customers.

For more information, please visit www.citictel-cpc.com

About OutSystems
OutSystems was founded in 2001 with the mission to give every organization the power to innovate through software. The OutSystems high-performance low-code platform gives technology leaders and developers the tools to rapidly build and deploy their own business-critical applications. The company's network spans over 600,000 community members, 400+ partners, and active customers in 87 countries across 22 industries. OutSystems is "The #1 Low-Code Platform(R)" and a recognized leader by analysts, IT executives, business leaders, and developers worldwide. Some of the most well-known brands use OutSystems to turn their big ideas into software that moves their business, people, and the world forward. Learn more at www.outsystems.com.

About IDC's Future Enterprise Awards
In its sixth year, the 2022 IDC Future Enterprise Awards received more than 1,000 nominations across participating countries, including Singapore, Indonesia, Philippines, Malaysia, Thailand, Hong Kong, Taiwan, China, South Korea, India, Australia, and New Zealand. The IDC Future Enterprise Awards recognize outstanding organizations that make critical breakthroughs in business transformation in one or more dimensions in IDC's digital transformation (DX) framework. IDC uses a consistent process and criteria to assess all nominations which are judged by regional analysts and then a regional panel of judges including IDC Worldwide analysts, industry thought leaders, and academia. To learn more about the Future Enterprise Awards visit idcdxawards.com.

Media Contacts:
Catherine Yuen
CITIC Telecom CPC
(852) 2170 7536
Email: catherine.yuen@citictel-cpc.com

The Hoffman Agency on behalf of OutSystems
Email: OutSystems@hoffman.com


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Launch of BYOND MOBILE is driving the Region’s 5G Industry to the Next Level

BANGKOK, Oct 17, 2022 – (ACN Newswire) – VNU Asia Pacific launched BYOND MOBILE from 28-29 September at Samyan Mitrtown Hall, Bangkok to set a platform for the networked economy of the future and its 5G product and solutions. The two-day conference and exhibition brought together business leaders from the Health, Manufacturing, Smart City and Future Mobility vertical with strategy experts from the Internet, Mobile Communications, and IT sectors.



Today, mobile broadband networks cover 96% of the population of Asia Pacific, with 1.2 billion people accessing mobile internet services. 5G momentum continues to accelerate across the region with commercial 5G services now available across 14 markets. By 2025 there will be 400 million 5G connections across the region – just over 14% of the population. The mobile ecosystem continues to contribute strongly to the economy across Asia Pacific, generating 5% of GDP across the region, which is equivalent to $770 billion of economic value added. The mobile ecosystem also supports 8.8 million jobs both directly and indirectly.(1)

"It was exciting to finally launch BYOND MOBILE after the Covid pandemic. The region's first dedicated platform for the roll out of 5G set to be the stage to connect key players within the 5G ecosystem from Southeast Asia. The atmosphere at the event was excellent as exhibitors and visitors were glad to participate at a live event again," says Isabelle Springfeld, Project Manager of BYOND MOBILE.

Visitors and media were pleased with the extensive range of 5G products and solutions from the 36 exhibiting companies and associations as well as the great networking opportunities onsite. Spread over the two show days, BYOND MOBILE welcomed 1,100+ visitors from 14 countries. Likewise, the exhibitors were satisfied with the quality of visitors. The companies stated that it was great to meet their clients and prospects face-to-face again.

"Now it's time to start thinking about where we can evolve with 5G, and this event has been really interesting. Many other 5G ecosystem players have come and brought their solutions in combination with the 5G capability – it is truly a BYOND MOBILE event," concludes Perry Poehlmann, Head of APJ CX Field Marketing, Nokia.

"This exhibition is like a glove that matches us as our company does a lot of integration and communication. We see that many of the products we built – IoT, Smart City – will be affected by 5G, that's why I think this event is the perfect fit for us," states Tanajak Watanakij, Vice President of Cybersecurity and Data Analytics, RV CONNEX.

Accompanied by the exhibition the conference was conducted with 46 sessions in two-days. The Thought Leader Arena in the main hall presented 40+ thought leaders within keynote speeches, fireside chats and panel discussions. In the Deep Dive Hub in the adjoining breakout room visitors gain deep knowledge insights through master classes and product demonstrations from exhibiting companies and associations. The visitors appreciated the quality of both the speakers and their papers.

Navachai Kiartkorkuaa, Head of Enterprise Marketing and SME Business, AIS and speaker of the Thought Leader Arena says: "This exhibition is really good. It encourages Thai Businesses or even Thai people to adopt 5G and bring more benefit of 5G to the society and to the digital economy in Thailand. I really believe that this type of event will help Thailand to promote our 5G infrastructure and make us gain more and more digital economy value from 5G."

Wisarut Gunjarueg, Thailand 5G Ecosystem Innovation Centre Manager and speaker of the Deep Dive Hub concludes: "BYOND MOBILE is the event which unites technologies providers same as the vendors. We see all the partners among different industries such as banking, manufacturing, or logistic. It's a great opportunity for the ecosystem to have a discussion and find a way to collaborate to push the economic growth of the digital economy in Thailand."

Until the new date in September 2023, the BYOND MOBILE team will create intensive contents and engaging activities in form of online webinars and physical meetup events for key stakeholders in Bangkok to discuss current industry news and stay connected.

BYOND MOBILE is a global bridge to Southeast Asia. With International experts serving the 11-country nation group, industries can connect with suppliers across the world. It will provide insight and strategies for business leaders seeking to explore and evaluate the latest technology solutions and services that drive necessary innovation.

(1) Source: GSMA Intelligence

Press Contact:
Marketing & Communications of VNU Asia Pacific
Email: communications@vnuasiapacific.com
Tel. +662 1116611 Ext. 330 or 335

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Key Industry Players to Discuss IoT, Automotive, Wireless, and Supply Chain Trends and Opportunities at EAC 2022

TAIPEI, TAIWAN, Oct 17, 2022 – (ACN Newswire) – Recent economic and geopolitical developments, on top of the supply chain shortages and tight inventories in some markets, have driven market watchers to reduce their forecast growth for the semiconductor industry this year. Gartner Inc., for one, reduced its earlier forecast of 13.6% global semiconductor revenue growth this year to just 7.4%.

The market research firm, however, noted that this down cycle is not new and has happened many times before. Despite the softness in the consumer market, demand remains resilient in the data center sector due to the continued investment in cloud infrastructure, while the automotive electronics sector is expected to see double-digit growth amid the increasing IC content per vehicle due to the transition to electric and autonomous cars.

Overall, the outlook remains bright for the semiconductor industry. According to industry association SEMI, global semiconductor equipment billings rose by 7% quarter-on-quarter in the second quarter this year, and by 6% year-over-year to $26.43 billion. Taiwan, China, and South Korea led the rest of the world in terms of quarterly billings.

Semiconductor companies worldwide are expected to expand their 300mm fab capacity at nearly 10% compound average growth rate from 2022 to 2025, SEMI said in its 300mm Fab Outlook to 2025 report. Mainly driving this growth is strong demand for automotive semiconductors and new government funding and incentive programs in multiple regions.

Highlighting such trends and innovations, the inaugural Electronics Asia Conference (EAC) 2022, scheduled for October 18–20, 2022, will feature some of the leading semiconductor companies discussing new applications and markets driving the technology developments in the semiconductor industry.

Organized by AspenCore, the publisher of EETimes Asia, EETimes India, and EDN Asia, the three-day event will feature a virtual conference and exhibition, and will focus on the latest trends and opportunities on the Internet of Things (IoT), automotive electronics, wireless technologies, and the supply chain.

The full roster of companies presenting at the virtual conference include:

  • Arm
  • Arrow Electronics (NYSE: ARW)
  • Bluetooth SIG Inc.
  • Cadence Design Systems Inc. (NASDAQ: CDNS)
  • Chip 1 Exchange
  • Diodes Inc. (NASDAQ: DIOD)
  • Efinix Inc.
  • Fair Friend Group (FFG)
  • Infineon Technologies Asia Pacific Pte Ltd
  • Molex
  • MosChip Technologies (BOM: 532407)
  • Mouser Electronics
  • Nordic Semiconductor (NOD.OL)
  • NXP Semiconductors (NASDAQ: NXPI)
  • Renesas Electronics Corp.
  • Rohde & Schwarz
  • Silicon Laboratories Inc. (NASDAQ: SLAB)
  • SMITH
  • STMicroelectronics (EPA: STM) (NYSE: STM)
  • Texas Instruments Inc. (NASDAQ: TXN)

For more information and to register, visit https://ve.eetasia.com/EAC2022.

About AspenCore

AspenCore is a unique collection of brands and products that have set the standard in meeting the demands of today’s engineers.

We reach over 15 million technologists, designers, engineers, and managers. We connect this electronics community to reliable news, authoritative analysis, industry trends, and daily information on new technology.

Our brands include EE Times, Electronic Products, EPSNews, ESM China, IoT Times, Power Electronics News, EDN, EEWeb, Electro Schematics, Elektroda.pl, Embedded.com, Planet Analog, and more.

For more information, visit https://aspencore.com.

Contact Person:
Celia Shih
Marketing Manager
Taiwan/ASEAN Marketing and Circulation Department
T: +886 227591366 Ext. 103/222
E: celia.shih@aspencore.com



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Axiata Among First Three Telcos Globally to Achieve TM Forum’s ‘Running on ODA’ Status

KUALA LUMPUR, Oct 14, 2022 – (ACN Newswire) – Axiata Group Berhad, one of Asia's leading telco groups serving over 163 million subscribers[1], announced today that it had been named by the TM Forum as one of the first three telcos globally to earn 'Running on ODA' status. This award recognises Axiata's architectural shift to the status of an agile Digital Telco driven by its success in building a Telco Operations framework based on TM Forum's Open Digital Architecture (ODA) standards across operating entities in multiple Asian markets.

TM Forum announced the industry leaders in ODA deployment at its Digital Transformation World 2022 conference in Copenhagen, Denmark, placing Axiata, Jio and Vodafone Group in the spotlight as the first three telcos globally to achieve ODA deployment at scale.

Nik Willetts, Chief Executive Officer of TM Forum, said "The new Running on ODA mark recognises service providers who have demonstrated, through rigorous assessment, their deep expertise and ongoing commitment to the development, use and conformance to ODA. Congratulations to the entire Axiata team on this landmark achievement, which is a clear recognition of Axiata's global industry leadership and execution capability."

Central to the impactful and "at-scale" implementation of ODA at Axiata, is the Group's Software Innovation and Digital Transformation unit, ADL (Axiata Digital Labs). ADL, home to 1,300 digital talents located across three of Axiata's key markets has been successful in executing Axiata's ODA journey on an accelerated timeline, placing the Group among global leaders in the sphere of Telco Transformation.

Having demonstrated its capabilities, ADL is well-positioned to assist Telco Groups in accelerating their digital transformation journeys. ODA provides a blueprint and common language for reusable cloud native, vendor-agnostic solutions integrated by TM Forum's industry-standard Open APIs, concepts which are closely aligned with the core strengths of ADL.

Anthony Rodrigo, Group Chief Information Officer of Axiata said, "By using Open APIs and ODA, supported by the execution capability of Axiata Digital Labs (ADL), Axiata has accelerated our journey towards becoming an agile, end-to-end digital service provider. Along the way, we achieved significant cost savings across the IT stack, digitisation of business processes as well as enhanced responsiveness and velocity with respect to go-to-market initiatives. Furthermore, operationalisation of this architecture has facilitated development of new ways to monetise our technology assets by opening them to developers and partners."

TM Forum, the industry association driving digital transformation through collaboration, recently announced a series of milestones in the development and adoption of its ODA and Open APIs. Co-created by over 1,750 professionals from more than 350 TM Forum member companies, ODA defines an industry-agreed set of reusable software building blocks for creating, managing, and securing any digital service. The goal of ODA is to transform the velocity of DevOps teams, enabling them to navigate the journey to cloud-native software to improve time to market, reduce costs and enhance customer experience and partner – at scale.

[1] As at 31 December 2021

Axiata Group Berhad: 6888 [BURSA: AXIATA], https://www.axiata.com/

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com