Telekom Malaysia net up 144%

 

Lower spending also aided the bottom line. Capex has been 9% of revenue for the year to date, compared to 14.1% for 2009 and 16.7% in 2008.

 

Fitch Ratings on Friday affirmed Telekom Malaysia's A- credit rating on the strength of the quarterly figures.

 

But the firm did not provide an upgrade due to emerging competition in Malaysian broadband, as contenders sign on to use the UniFi network – and because of the nation's growing Wimax segment. 

 

Telekom Malaysia expects “challenging” conditions for the rest of the year as a result of the intensifying rivalry, but ultimately believes it will benefit from long-term growth in the broadband market.