RM3bil expenditure for TM to improve services

Telekom Malaysia Bhd (TM) plans to spend up to RM3bil in capital expenditure (capex) this year as it continues to roll out high speed broadband (HSBB) access to more areas and expand its Internet access beyond homes and offices via WiFi hotspots.

“We are looking to invest RM2.7bil to RM3bil in capex this year to provide access, build our core network and support systems. We will continue to invest in HSBB but increasingly our expansion would be based on a demand driven model,” TM group chief executive officer Datuk Seri Zamzamzairani Md Isa said in an interview.

As at third-quarter 2011, the telco had invested RM1.4bil but Zamzamzairani would not say what the final figure was for the full-year capex. TM’s capex is normally internally-funded.

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