TM attributes successful Q1 result to internet services

Telekom Malaysia Berhad (TM) Group posted a revenue growth of 2.9% YoY to RM2.9 billion from RM2.8 billion in the corresponding period last year. The growth was mainly driven by higher contribution from Internet services revenue.

Tan Sri Zamzamzairani Mohd Isa, group chief executive officer of TM, said, “1Q2016 was an encouraging one for us despite an overall challenging environment. This growth was primarily driven by higher contribution from Internet services revenue. We continue to strengthen our leadership position with a 4.3% increase in our total broadband customer base to 2.36 million customers.”

He added this was driven by sustained growth in UniFi. UniFi stood at 877,000 customers as at 31 March 2016 .

In March, TM launched its new look TMpoint outlet at Quill City Mall, in Kuala Lumpur, designed to enable customers to experience the suite of convergence services for home and business solutions, in a friendly and interactive environment. The refreshed outlet environment will also be implemented at other outlets in stages.

Recently, TM launched its new brand “webe”, a new digital mobility services provider. As TM Group’s centre of excellence for mobility, webe’s philosophy and approach to business, in line with TM’s aspiration, is ‘start here. go anywhere’ exemplifying the diversity of ways communities can come together to make things happen, for a better Malaysia. webe’s business and network services are approaching market readiness, and is on track for a commercial launch this year.

In another step towards its convergence aspiration, TM has also entered into its second over-the-top (OTT) partnership, with Vuclip, a PCCW Ltd media company, to launch Viu. Viu is a freemium OTT, video-on-demand (VOD) service providing localised and personalised content from top studios. Viu will deliver more than 10,000 hours of premium Asian content in 2016 including those by Korea’s top broadcasters.

On the wholesale front, the quarter also witnessed TM signing a WiFi roaming agreement with British Telecommunications PLC (BT), allowing customers’ of both parties to leverage on each other’s WiFi networks in Malaysia and the United Kingdom (UK), hence enabling them to enjoy converged mobile roaming experience while travelling to these countries.

With all the above initiatives underway, TM is on track to become Malaysia’s Convergence Champion, as we journey on towards delivering our promise of ‘Life and Business Made Easier’.