Malaysian Telcos. Results Point to More Pain Ahead

Malaysian Telcos Are Ex-Growth, Before Telekom Malaysia's 4G Entry.

DIGI Service Revenue Decline Suggests Worse to Come for the Industry?

Telekom Malaysia's coming 4G launch is an under appreciated risk to the 3 incumbent telcos

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<p>We recently wrote about the disappointing results from Malaysian cellular operators for 4Q15. We have subsequently had a series of meetings/calls with the listed companies. They were quite downbeat with a number of significant headwinds. Key issues include:</p><ul><li>
<strong>Regulatory threats</strong>: No matter how you describe it, the shift from free spectrum to chargeable spectrum is negative for the operators and will hurt profitability. It reflects fiscal pressure from falling oil revenues. We should get clarity mid…</li></ul>

We recently wrote about the disappointing results from Malaysian cellular operators for 4Q15. We have subsequently had a series of meetings/calls with the listed companies. They were quite downbeat with a number of significant headwinds. Key issues include:
Regulatory threats: No matter how you describe it, the shift from free spectrum to chargeable spectrum is negative for the operators and will hurt profitability. It reflects fiscal pressure from falling oil revenues. We should get clarity mid…

Malaysian Telco Visits. Life Is Getting Tougher for the Cellular Operators

CelcomDigi

Malaysian Telco Visits. Life Is Getting Tougher for the Cellular Operators