Rise of cloud services augurs well for telco earnings

Kenanga Research said it is optimistic about the earnings potential for telco players, especially TM, which stand to be a key beneficiaries due to the recent influx of investments into the country’s digital space.

PETALING JAYA: The market for cloud services in Malaysia is poised for growth, mainly catalysed by the government’s recent adoption of these services, according to Kenanga Research.

The research house said this is based on observations by Credence, Telekom Malaysia Bhd’s (TM) cloud and digital services subsidiary.