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ONE of Telekom Malaysia Bhd's strategy for continued profitability was to maintain the stability of fixed line income and grow both the mobile and data business, said its chief executive Datuk Dr Khir Abdul Rahman.
Next week is unlikely to bring much in the way of excitement to the Kuala Lumpur Stock Exchange (KLSE) as most investors will be away for the whole week for the Chinese New Year holidays. As such, market observers are bracing for a quiet, if somewhat dull, short trading week ahead.
In its most important privatisation, South Africa offered yesterday 139.3 million ordinary shares in state-controlled phone utility Telkom #8211; a quarter of the fixed-line and cellphone group #8211; at between 33.50 and 40.90 rand a share. The long-awaited initial public offering (IPO) is expected to rake in 4.7 billion to 6.8 billion rand.
CELCOM (Malaysia) Bhd will appoint a committee within 10 days to resolve outstanding issues raised by DeTeAsia Holding GmbH over the planned mer- ger between Celcom and the cellular arm of Telekom Malaysia Bhd, says Celcom chairman Datuk Dr Munir Majid.
FRANCE-BASED network systems manufacturer Alcatel is eyeing an annual contract to supply broadband equipment to Telekom Malaysia Bhd. It is optimistic of its prospects due to Telekom#039;s expected massive projects in the course of this year, Alcatel Network Systems (Malaysia) Sdn Bhd country senior officer, Malaysia, John Quaeyhaegens said.