TeleGeography Logo

Telekom reports rising profits, but market share continues to fall

27 May 2004

Telekom Malaysia™ reported an 81% year-on-year rise in quarterly profits to MYR507.13 million (USD133.5 million) for the three months to 31 March 2004, on the back of a strong performance from its mobile arm. However, analysts greeted the announcement cautiously and warned that the company’s marginal subscriber gains could bode ill for its longer-term growth prospects. TM recorded 4.4 million subscribers at the end of the period, below consensus estimates of 4.5 million, and up just 100,000 on the corresponding year-ago figure. The earnings jump was largely the result of it booking income from Celcom for the first time in 2003-04, rather than its success in gaining initiative from rivals Maxis and DiGi.

Malaysia, Telekom Malaysia

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.