Telekom Malaysia Bhd (TM), isthe former telecommunications monopoly in Malaysia, and since it’s privatization remains Malaysia's top telecom grou p and a fast-growing international player in the Asian region. The company continues to hold the de facto monopoly on the country's fixed-line telecom market, with more than 4.6 million access lines. However, the relatively low penetration rate of just 17.2 lines per 1 00 population (compared with nearly 65 per 100 in the United States) provides room for TM's future growth, as well as a potential entry po int for competitors. In addition to its fixed line business, TM is on e of Malaysia's leading cellular telephone provider, a position solid ified following the company's 2003 acquisition of Technology Resource s Industry (TRI) and its Celcom mobile telephone unit. Celcom is a lo ng-time leader in the Malaysian cellular market, with a market share approaching 30 percent. TM also operates the country's leading Intern et provider, TMNet, which is also the sole broadband provider in the country. In addition to its operations in Malaysia, TM has developed a network of subsidiaries and investments internationally, with a foc us on the Asian region. The company is present in Sri Lanka (where it holds more than 90 percent of Dialog Telekom), Cambodia, Indonesia, Bangladesh, Guinea and Malawi. As part of its future international ex pansion plans, the company formally adopted a new brand identity, TM, in 2005. The company is listed on the Kuala Lumpur Stock Exchange. I n 2004, TM posted revenues of MYR 13.25 billion ($3.2 billion).
History and Growth of Telekom
Looking into the first steppping stones, Malaysia's first telephone line was installed in 1874, linking the Br itish colonial government's Resident's Office in Perak with one of it s administrative offices. The colonies, then known as Malaya, remaine d unconnected. Over the next decade underwater cable was laid linking... [continues]
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