Malaysian engineering house, Austral Techsmith has joined forces with Norwegian telecommunication infrastructure company, GSM Towers, in bringing both their 5G telecommunication tower infrastructure capabilities together into new markets.
Under the MoU, the new partners will leverage each other’s expertise and experience to pave a strong foundation and penetrate new 5G infrastructure markets. The venture will explore and globally expand Austral Techsmith’s proprietary 5G smart pole, ELAB01.
ELAB01 is an all-in-one innovation for 5G on-ground deployment using a single pole measuring 18 meters that can house multiple connectivities and IoT solutions such as 5G, 4G, wifi routers, power units as well as a smart streetlight function.
According to Precedence Research, the global 5G IoT market size is estimated to be worth approximately USD 297.1 billion by 2030 and growing at a registered CAGR of 70.04% over the forecast period 2022 to 2030.
Azfar Zubri bin Datu Safri, chief executive officer of Austral Techsmith said, ”We are elated to be collaborating with GSM Towers. 5G and its associated technologies have a multitude of compelling potential that can unlock new developments for numerous industries, proving to be a game-changer in industry transformation. This makes the global 5G market an opportunity-filled market that remains untapped.”
Austral Techsmith will resume the development of ELAB01 in Norway via the consortium. Jointly, they will also release new products under the 5G infrastructure umbrella called ELAB02, a multi-tenant smart pole that will be market-ready before year-end. Further, there are more developments on the roadmap to expand the hyper-connectivity product line during Q1 of 2023.
The agreement will put in force the movement of new ultra-connectivity products from Malaysia to the global market. Discussions for the sales of Austral Techsmith’s products in GSM Tower’s core markets are underway with primary targets in the Philippines through Phil-Tower Consortium Inc., a leading digital shared infrastructure provider in the Philippines.
Azfar Zubri added, “The collaboration with GSM Towers is a pivotal step forward as we embark on our expansion plans hand-in-hand. Phil-Tower will take the lead for the deployment of ELAB01 in the Philippines while we work towards on-site deployment for the first cluster of our eight pilot sites targeted between January and February 2023.”
Christian Strømme, chief executive officer of GSM Towers shared, “Since commencing work together, Austral Techsmith has displayed extensive industry proficiency and has far exceeded expectations. Our global supply chain will enable the seamless delivery of 5G solutions to all our markets across all continents. We look forward to converging our solutions and fortifying our 5G capabilities to power a more connected world.” Christian Strømme added.
