Telekom Malaysia's trouble - Bazlan backlash

Challenging times: Bazlan’s (right) shocking departure as TM acting group CEO on Friday leaves Imri taking over as acting group CEO at a time when the telco’s services are coming under pressure from MCMC.

PETALING JAYA: Telekom Malaysia Bhd’s (TM) share price continued to slide after the abrupt departure of its acting group CEO, Datuk Bazlan Osman, on Friday and the company coming under pressure from the regulator for the shortcomings in its services.

In yesterday’s trading, its share price fell more than 5% to close at RM2.26. Year-to-date, TM has dropped 63%, wiping out RM14bil from its market capitalisation.