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Analysis by B.K. SIDHU
THE telecommunications sector is a key driver of growth for the local stock market, going forward.
INDUSTRY players are of the view that the government's push for nationwide cellular coverage is unnecessary because it would involve huge investments, is uneconomical as 50% of the areas to be covered are remote, and there is already a viable wireless technology that could provide such extensive coverage.
PROVIDING additional coverage in the Kuala Lumpur, Cyberjaya and Putrajaya areas is something DiGi.Com Bhd had planned to do this year.
DIGI.Com Bhd reported yesterday a near-tripling of net profit to RM66mil for its second quarter ended June 30, versus RM23mil in the corresponding period last year.