TM-TNB tie-up raises questions on Broadnet’s role

The affected are mainly two giant government-linked companies or GLCs, namely Telekom Malaysia Bhd (TM) and Tenaga Nasional Bhd (TNB), who incidentally have a combined market capitalisation that tops RM100bil. Both are believed to be questioning Broadnet

PETALING JAYA: With the signing of a partnership agreement between Telekom Malaysia Bhd (TM) and Tenaga Nasional Bhd (TNB) on Tuesday, analysts are now raising questions over how Broadnet Network Sdn Bhd will fit into the national plan to roll out cost-efficient high-speed broadband (HSBB) services.

RHB Research said details on Broadnet’s role in the Government’s Nationwide Fiberisation Plan (NFP) were “still sketchy”, given that the company had no track record in broadband deployment.