Surge in data traffic for telcos during MCO

“It is still too early to make an accurate assessment of the impact of Covid-19 on revenue or cost at this stage. We have seen a surge in data traffic since the MCO started on March 18, ’’ Maxis Bhd CEO Gokhan Ogut told StarBiz.

PETALING JAYA: Some telecoms players have seen an upsurge in data traffic since the movement control order (MCO) but they can’t say if that will translate to higher earnings for this year.

Kenanga Research has also upgraded the telecoms sector to “overweight” from “neutral’’ amid the coronavirus (Covid-19) pandemic as it believes the “telecoms stocks have mostly fared better than the FBM KLCI”.