By Zaidi Isham Ismail
Published: 2011/05/11
The allocation will be mainly spent for rolling out high speed broadband and for laying of submarine cables.
KUALA LUMPUR: Telekom Malaysia Bhd (TM) plans to spend RM3.4 billion in capital expenditure (capex) this year, mainly to roll out high speed broadband (HSBB) and for laying of submarine cables.
Out of the RM3.4 billion capex, RM2 billion was raised via issuance of sukuk last month. TM said it will make two more issuances, with tenures of seven and 15 years.
TM managing director and group chief executive officer Datuk Seri Zamzamzairani Mohd Isa said the second tranche of the sukuk for capex may be issued this year, depending on consumer demand and market conditions.
"We will spend to improve service network, billing services, HSBB rollout programme and laying of submarine cables.
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"Before we issue the second tranche, we have to look at our cash requirement and business position to balance our debt and equity position," Zamzamzairani told reporters yesterday after its annual and extraordinary general meetings.
He added that TM normally allocates up to 15 per cent of yearly revenue for capex requirement.
On the HSBB deployment, Zamzamzairani said TM had passed 800,000 premises, 1.7 million broadband customers and 48 exchange areas nationwide.
It aims to pass 1.1 million premises this year, targeting 1.3 million premises next year at 78 exchange areas.
TM's HSBB service,UniFi, has 80,000 customers with 800,000 premises nationwide available at 66 exchange areas since its launch in July last year. It is targeting 1.3 million premises and 95 exchange areas by the end of 2012.
Meanwhile, Zamzamzairani said TM has no plans to buy a stake in Tricubes Bhd, which bagged the RM50 million deal to develop and deploy Malaysia's 1Malaysia e-mail project.
Read more: TM allocates RM3.4b for capex this year http://www.btimes.com.my/Current_News/BTIMES/articles/TMPEX/Article/#ixzz1M18lDrFS
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