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AS mobile communication companies such as Maxis Bhd and Celcom Axiata Bhd start rolling out their 4G-LTE data services, the country’s largest broadband provider Telekom Malaysia Bhd (TM) is looking to move into the same space to grow and protect its data services business.
RHB Research is mildly positive on Telekom Malaysia’s move to acquire selected Barclays Premier League (BPL) live matches from Astro.
KUALA LUMPUR: Telekom Malaysia Bhd’s (TM) net profit was lower at RM213.2mil in the first quarter ended March 31 against RM250.6mil a year ago due to unrealised foreign exchange (forex) loss on borrowings of RM18.6mil compared with a gain of RM67.9mil a year ago.
Telekom Malaysia Bhd's earnings rose 6.1% to RM1.26bil in the financial year ended Dec 31, 2012 from RM1.19bil in FY11 due to higher revenue, recognition of deferred tax income and unrealised forex gain.