KUALA LUMPUR: With its mobility unit “webe” coming into the picture, Telekom Malaysia Bhd (TM) will revise its capital expenditure (capex) allocation higher to 30%-35% of revenue for the financial year ending Dec 31, 2016 (FY16), compared with the earlier guided 25%-30% of revenue for the year.
Based on an estimated turnover of RM12bil, this would translate to around RM3.6bil-RM4.2bil of new capex for the biggest telecommunications service provider in Malaysia.
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