Tenaga Nasional shares dip on nationwide fiberisation plan

PETALING JAYA: Tenaga Nasional Bhd's (TNB) share price fell as much as 10 sen or 0.6% in early trade after announcing its partnership with Telekom Malaysia Bhd (TM) to jointly develop an implementation plan to deliver on the government's nationwide fiberisation plan (NFP).
At 10.30am, the counter dropped 8 sen or 0.5% to RM15.80 on some 1.39 million shares done.
Meanwhile, TM shares were down slightly by 1 sen or 0.2% to RM5.99, with some 144,000 shares changing hands.
The colloboration is in line with the government's aspirations to drive Malaysia's digital economy, as envisioned under both the NFP as well as the High Speed Broadband (HSBB) projects.
A definitive agreement will be signed between TNB and TM upon finalisation of the commercial terms.