TM allocates up to 30% of revenue for capex

KUALA LUMPUR: Telekom Malaysia Bhd (TM) is allocating up to 30% of revenue for capital expenditure (capex) this year.
Group chief executive officer Datuk Seri Mohammed Shazalli Ramly said the allocation would exceed last year’s RM2.76 billion as the company focused on expanding the infrastructure for WiFi, high speed broadband and long-term evolution services.
“It is a balance in capex between mobile infrastructure and fiberisation,” he told reporters after TM’s annual general meeting today.
Mohammed Shazalli said last year’s capex was lower than guided due to internal reprioritisation of projects following the company’s decision to converge all of its businesses under the UniFi brand.
“With the strategic repositioning, UniFi is now the one and only brand in Malaysia that offers a truly comprehensive suite of converged services for home, mobile, WiFi and television.
“The convergence is expected to be completed by next year,” he said.
Mohammed Shazalli said as outlined by the Prime Minister Datuk Seri Najib Abdul Razak in Budget 2017, the company had introduced its e-biz and edu packages to benefit the e-entrepreneur and youth segments towards establishing a high-skilled workforce for the nation.
He said the move was a continuation of TM’s Broadband Improvement Plan to provide Malaysians with faster broadband access.
Going forward, Mohammed Shazalli said the company was on track to introduce a new product in the second half of this year that would replace Streamyx.
“The product would have better bandwidth speed and capacity compared with Streamyx,” he added. – Bernama