Telecom Malaysia Revenue Grows, Fixed Broadband Helps
It is commonplace these days to note that Internet access revenues are driving growth in developed market telecom markets, especially in the mobile realm, but also in the fixed network segment.
As it turns out, that sometimes also is the case in “developing” markets as well, especially those with high penetration of mobile voice.
Telekom Malaysia pre-tax profit increased 11.1 percent to RM264.9 million in the third quarter of 2013, up from RM238.5 million in the third quarter of 2012.
Revenue grew 9.9 percent year-on-year growth to RM2.6 billion from RM2.4 billion previously, on the back of higher revenue contribution from Internet and data services, with net profit at RM240.9 million in the current quarter.
Significantly, a sizable portion of the revenue increase came from fixed network high-speed Internet access services.
Group Chief Executive Officer Tan Sri Zamzamzairani Mohd Isa said Telecom Malaysia has reached fixed network broadband coverage to 1.462 million premises, covering 103 exchanges nationwide, as of end-September 2013.
"We closed the quarter with more than 607,000 UniFi customers, that translates to a take-up rate of about 42 percent,” Isa said.
Total broadband customers increased 7.7 percent to 2.18 million.
Total Internet access and multimedia services revenue growth was 14.1 percent higher, year over year, while data services recorded a 17 percent increase to RM635.0 million.