IDC projects that the growth rate for voice services revenue in Asia Pacific excluding Japan region will slow down to a compound annual growth rate (CAGR) of 2.5% from 2012 to 2017. However, data connectivity or mobile broadband revenue will grow at a CAGR of 19.3% in that same time period.
Telekom Malaysia announced year-on-year (YoY) revenue growth of 8.1% for the first quarter ended March 31, to RM2.62 billion from RM2.42 billion in the corresponding period last year. Growth was mainly driven by Internet, data and other services.
Telekom Malaysia, the country's largest fixed-line telecommunications company, said it is open to talks with any party to help transform itself into a full-suite services provider.
TIME dotCom Bhd, a fixed-broadband and data centre services provider, expects its business to grow moderately this year as it focuses on increasing its market share, improving product offerings and enhancing operational efficiencies.
IDC sees Malaysia having strong growth prospects for technology in 2014, with the Malaysian IT market anticipated to cross the US$10-billion mark, creating a wealth of opportunities locally. However, while the growth prospects are there, IDC cautions that the flooding of technology only serves one part of the fundamental necessity for the ‘third platform’ of technology to proliferate.
Celcom Axiata Berhad reported its 30th consecutive quarter of revenue growth, with revenue in the third quarter from July to September 2013 coming in at RM2.02 billion, a marginal improvement over last quarter’s RM2.01 billion.