TIME dotCom focusing on wholesale and corporate data sectors

Malaysian news source Business Times is reporting that fixed line and broadband operator TIME dotCom (TdC) is planning to focus its attention on its data service offerings directed at the wholesale, enterprise and corporate market segments. It is understood that TdC plans to concentrate on these specific areas as it believes there is stronger growth potential. Commenting on the strategy Afzal Abdul Rahim, TdC’s CEO, said: ‘The focus on data service offerings will allow us to optimise our existing infrastructure and take advantage of the many opportunities currently available in the market place.’ The announcement followed the release of the operator’s financial results for the three months ended 31 March 2009, with TdC posting a 12.1% increase in revenue to MYR74 million (USD20.5 million). Net loss meanwhile narrowed by 61.7% at MYR34.7 million for the quarter, compared to MYR56 million in the same period last year. TdC attributed the improved performance to higher data revenues helping to offset the decline in voice revenue, while the reduction in losses was a result of lower depreciation and finance charges.