2015 good year for Malaysian mobile phone industry

The local mobile industry is expected to record a slightly better service revenue growth of 2.8% in 2015, while the fixed-line incumbent Telekom Malaysia Bhd

PETALING JAYA: The local mobile industry is expected to record a slightly better service revenue growth of 2.8% in 2015, while the fixed-line incumbent Telekom Malaysia Bhd’s (TM) revenue is expected to rise 4.9% year-on-year (y-o-y) in financial year 2015 (FY15).

In addition, competition is expected to intensify in the mobile sector in the coming year, while mobile Internet or broadband revenues are expected to continue to grow strongly in 2015 by 21% y-o-y, according to CIMB Research.