Common Tower Technology counter claims RM131.8m from Weida
KUALA LUMPUR: A telcommunication towers construction JV between Weida (M) Bhd and Common Tower Technology Sdn Bhd (CTT) in 2005 which went sour has seen both parties filing lawsuits against each other.
In the latest development, CTT is counter claiming from Weida’s unit Weida Works Sdn Bhd for the construction of the towers and also RM131.84mil as wrongful interest imposed by Weida.
Weida Works and CTT inked a JV deal on June 22, 2005 and first supplementary JVA on March 23, 2006 to undertake the telecommunication infrastructure projects in Sabah.Under the JVA, Weida Works was to fund and build telecommunication towers in the projects.
CTT would then secure the tower sites and licence for the towers on these sites to mobile telecommunication operators for licence fees.
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