Telco earnings to accelerate this year


RHB Research’s top picks for the sector are TM, Axiata and CelcomDigi.

PETALING JAYA: The telecommunications sector is expected to face continued competition across mobile and home fibre broadband services, with growth in the latter showing signs of tapering, according to RHB Research.

The research house noted that mobile network operators (MNOs) posted 1% year-on-year (y-o-y) growth in mobile-service revenue last year, with a 0.8% quarter-on-quarter (q-o-q) increase for the fourth quarter.

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