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Articles tagged with: Telekom Malaysia and M1
IN DEPTH: Telecom Malaysia International Q1 2008 Results
TM International, the former mobile arm of Telekom Malaysia, has reported results independently for the first time, despite only having been demerged from the parent company at the end of April. Telekom Malaysia has been preparing for the spin-off for some time, transferring all of the relevant assets into the TM International division, including domestic mobile concern Celcom, before issuing paper in the new company to its own shareholders. This demerger process was completed on 25th April and trading began on the new TMI stock on the Bursa Malaysia on 28t h April. After initially trading at just over RM7,500 the share price has stayed very steady, with a maximum variation of around 7%. more
Related Tags: roaming, xl, banglalink, celcom, seven, telekom, spice, Malaysia
Fitch Comments on Telekom Malaysia's Ongoing Demerger
Following Telekom Malaysia's (TM) announcement of the final terms of its restructuring, Fitch Ratings has reiterated its initial view that the company's Long-term Issuer Default Rating and instrument ratings would be unlikely to change as a consequence of the demerger. However the agency notes that greater clarity is required on several issues, including final terms of TM's public-private partnership with the Malaysian Government for its high speed broadband (HSBB) project - before a final rating decision can be taken. Any material divergence from the information currently available to the agency could result in a negative rating action or a change in the Outlook, although such a scenario is not anticipated. more
Related Tags: fitch-ratings, capex, fitch, Malaysia
Telekom Malaysia Optimistic About India, Vietnam Expansion Plans
Telekom Malaysia's Indian subsidiary, Spice Telecom is a front-runner in the battle to win mobile airwaves in new circles in India, says group chief executive officer Datuk Seri Abdul Wahid Omar. Spice currently operates in two circles, Punjab and Karnataka. more
Related Tags: mobifone, spice, India
Vodafone in Talks to Take Stake in Telekom Malaysia
Vodafone is reported to be the front runner to take a 25% stake in Telekom Malaysia's (TM) mobile phone division when the company is separated from its landline parent in the second quarter of next year. Telekom Malaysia is creating a new company, RegionCo which will include TM's regional mobile operations under TM International, and domestic mobile operations under Celcom. more
Telekom Malaysia - Slower growth and increasing uncertainties
Telekom Malaysia's second quarter results show that the company has managed to translate a single digit increase in revenues into a double digit gain at the attributable level, despite a small decrease in margins at the EBITDA level. Overall revenue rose from RM 4,181m in Q1 to RM 4,318m, an increase of 3.3%, while EBITDA dropped 2.9% to RM 1,979m. After tax and minorities, attributable profit rose by 17.6% to RM 701m. Year on year, these equate to increases of 8.6%, 17.6% and 54.7% respectively. more
Related Tags: sharp, tax, spice
Telekom Malaysia Q1 2007 Results
We have commented before on the effectiveness of Telekom Malaysia's strategy of expansion into its immediate geographic region and the portfolio of businesses it has built up now contributes more than one quarter of total revenues. However, one of the problems of international diversification is that it brings a currency risk with it. This quarter, the results reflect the combination of a rising Ringgit and increased competition and as a consequence, revenues from the international side of the business are down slightly at RM1,138m. This is a drop of less than 2% on Q4's RM1,158m, so it is hardly catastrophic, especially when it is remembered that it is more than 20% up on the same quarter of 2006. more
Related Tags: ipo, celcom, tax, excelcomindo, spice
Cable & Wireless: To Sell Stake In MobileOne
LONDON -(Dow Jones)- Cable and Wireless said Wednesday that its subsidiary Great Eastern Telecommunications Limited (GET) has signed a conditional agreement for the sale of its entire shareholding in MobileOne Limited (M1) for GBP87 million. more
Related Tags: mobileone, pccw, cable-&-wireless, cable-and-wireless