KUALA LUMPUR: Telekom Malaysia Bhd (TM) has revised downwards its expected revenue growth this year, due to evolving market dynamics and challenging operational environment.
TM now expects growth to be flat or worse, negative one per cent, from the previous 3.5 to four per cent.
The group also revised its capital expenditure (capex) guidance for this year to between 20 per cent and 22 per cent of revenue, from the high 20 per cent guided earlier this year.
TM acting group chief executive officer Datuk Bazlan Osman said it was facing numerous challenges to the business namely intensifying competition, increasing business and operating costs, cautious enterprise spending as well as increasing regulatory pressures.
“This (capex revision) entails reprioritising network spending and sweating existing assets. With regard to expanding coverage, TM will do so in the most efficient manner — which includes addressing the existing and available ports nationwide, and infrastructure sharing with our telco partners,” he told reporters at a briefing here today.
Meanwhile, TM has announced the introduction of its new broadband and mobile plans to boost its market leadership position.
The new plans include a new affordable entry level unifi package at 30Mbps for targeted B40 segment, unifi ‘turbo’ plans which offers more than double the current broadband speed and special package upgrade for pre-unifi (formerly known as Streamyx).
TM said lower income groups can access high-speed broadband through the new package at a price point below RM100 – more than 40 per cent lower price from the existing 30Mbps package.
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