TM faces competition from TNB plan

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: Telekom Malaysia Bhd (TM) risks losing its customers in the domestic fixed-line broadband scene if Tenaga Nasional Bhd’s (TNB) National Fiberisation and Connectivity Plan (NFCP) pilot project becomes a long-term business arrangement.

Affin Hwang Capital Research, which became the latest brokerage to downgrade TM, has warned that the telecommunications player’s long-built market share could decline due to the possible emergence of new competitors in the broadband market.