Big telco stake sale in Malaysia

Intense competition could be the main factor behind the decisions, insiders said, coupled with the fact that the telecommunications market in Malaysia is crowded, resulting in price wars and thinning margins. Telecom penetration levels have reached nearly 150%

PETALING JAYA: Two foreign shareholders of large stakes in leading Malaysian telecommunications companies (telcos) are exploring the possibility of divesting their stakes, indicating that the industry could be maturing here.

Reports also indicated that these parties might be more keen on investing in higher-growth markets such as Indonesia and Vietnam.