Telco earnings on uptrend


Kenanga Research said the three big mobile network operators (MNOs), namely Celcom Axiata Bhd, Digi.Com Bhd and Maxis Bhd, seemed to be regaining some prepaid and postpaid market shares from the other smaller MNOs and mobile virtual network operators

PETALING JAYA: Earnings of telecommunication companies (telcos) are expected to be stronger in the fourth quarter since movement restrictions have been relaxed.

Demand for telco services will likely continue to grow and so will competition, which is expected to become more intense as players slug it out with promotional activities while keeping a lid on cost so that their average revenue per user (Arpu) remains stable.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Celcom , Digi , Maxis , Telekom , earnings , competition ,

   

Next In Business News

MAHB's 1Q24 traffic hits more than 90% recovery rate against 1Q19
IRDA's RM636bil investment goal to help propel Malaysia into top 30 global economies
DXN Holdings net profit for FY24 rises to RM310.99mil
Ringgit closes slightly lower against US dollar
Inta Bina bags RM170mil construction job
PETRONAS Gas commits to sustainability, announces total dividend of 72 sen per share
Crest Builder bags RM486mil condo job
Axis-REIT optimistic of maintaining its current performance for FY24
KIP REIT aims for RM2bil AUM
ATX Semiconductor to boost investment in Melaka to RM952mil

Others Also Read