MIDF stays positive on TM

KUALA LUMPUR: MIDF Research has maintained its "buy" call on Telekom Malaysia Bhd following the acceptance of a 20Hz spectrum block allocation from the 2600MHz spectrum band from the Malaysian Communications and Multimedia Commission.

"We are positive on the news as the increase in capacity will allow TM to provide seamless fixed and wireless access, and content to its retail and enterprise customers at home, office or on the move, align its mission to embark into a dynamic digital space," it said in a report.