From left: TM's Executive director and Deputy Group CEO Datuk Bazlan Osman, Chairman,Tan Sri Sulaiman Mahbob, Managing Director and Group CEO Datuk Seri Mohammed Sazalli Ramly and Group chief financial officer Nor Fadhilah Mohd Ali smilling while browsing the company's annual report.
Kuala Lumpur: Telekom Malaysia Bhd
(TM) will spend up to 30% of revenue on capital expenditure this year for its convergence agenda and improve its entertainment offerings in a bid to grow its share of average revenue per customer (ARPC).
At 30% and based on analysts’ revenue consensus forecast of RM12.5bil for 2018, the capex could well be as high as RM3.75bil, which is a jump from RM2.75bil spent last year, or 22% of revenue.
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