KUALA LUMPUR: Local telecom giant Telekom Malaysia Bhd (TM) saw its revenue breaching the RM12bil mark in 2016, its highest ever, led by strong demand coupled with efforts at lowering operating costs. Earnings per share for the full year was at 20.6 sen from 18.7 sen. Its share price closed three sen down to RM6.14 yesterday. It forked out RM3.3bil last year in capital expenditure (capex), which is about 27.5% of revenue, and is looking to invest about 30% of revenue this year. It has over 2,000 webe base stations, covering about 61% of populated areas in the country. “We will be covering more areas this year.”TM is sticking to its earlier projections of its webe business breaking even in 2018.

Source: The Star February 22, 2017 23:31 UTC