According to AmBank Research, competition in the local cellular telco segment is expected to remain intense over the medium term, as repackaged data plans make their way to the market while the fixed broadband segment is expected to see rising pressure to improve price and speed.
KUALA LUMPUR: Telekom Malaysia Bhd
(TM) saw RM714mil wiped out from its market capitalisation on Friday as investors worried about the impact of greater competition in the provision of broadband via fibre.
It ended the day down 4.9% or 19 sen to RM3.68, which was the lowest since July 18. Its recent low was RM3.06 on June 28.
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