Axiata Group Berhad is continuing its five-year strategic global framework arrangement with Huawei to establish a streamlined procurement platform across five countries in the region that will result into cost savings for Axiata Group.

Further, both companies are working together to establish a streamlined procurement platform which will realise business efficiencies and competitive advantage through cash flow improvement and timely purchasing, better leverage on its volume and realise cost savings within the Axiata Group.

The five countries in the region that stand to benefit are Malaysia, Indonesia, Sri Lanka, Bangladesh and Cambodia.

“The Axiata-Huawei collaboration will see company-wide improvements in realising business efficiency and a competitive advantage. Furthermore, access to financial facilities towards innovative financing structures and a flexible financing tenure will provide a solid base of long term growth,” said Dato’ Sri Jamaludin Ibrahim, president and group chief executive officer, Axiata.

The collaboration will continue to serve as a common platform for Axiata group of companies to purchase network telecommunications infrastructure products, including the provision of related works and services from Huawei.

This cooperation which will improve engagement and further strengthen the relationship between the two companies, will involve the regular exchange of information on technical and technology areas relating to products, works and services purchased by Axiata and the Axiata Companies.