TM’s 2020 earnings seen to beat market consensus

AmInvestment Bank said TM’s nine-month 2020 normalised earnings already accounted for 80% of 2020 consensus earnings, which is currently 3% below the research house’s forecast. “As such, we believe that TM’s 2020 earnings could come in above market expectations.”

PETALING JAYA: Telekom Malaysia Bhd (TM) does not expect substantive capital expenditure increases to expand its submarine capacity that will be needed to support its wholesale indefeasible rights of use (IRU) to other telco operators

An IRU is a type of telecommunications lease agreement that cannot be undone between the owners of a communications system and a customer of that system.