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    Telekom Malaysia Revenue, Net Worth, Marketcap, Competitors 2025

    DariusBy Updated:No Comments8 Mins Read
    Telekom Malaysia Berhad (TM) logo
    Telekom Malaysia Berhad (TM) logo

    Key Stats

    Telekom Malaysia recorded a market capitalisation of RM25.5 billion as of December 2024, representing nearly 20 percent growth from the start of the year.
    The company reported operating revenue of RM11.71 billion for FY2024, showing a 0.2 percent year-on-year increase with improved operational efficiency.
    TM serves 3.143 million fixed broadband subscribers through its Unifi brand as of mid-2024, maintaining leadership in Malaysia’s convergence market.
    The telecommunications provider employs 18,891 people and delivers quad-play services across fixed-line, broadband, mobile, and content platforms nationwide.
    Telekom Malaysia distributed a total dividend of 31 sen per share for FY2024, reinforcing its commitment to shareholder value creation.

    Telekom Malaysia Berhad stands as the nation’s leading integrated telecommunications provider with operations spanning fixed-line, broadband, mobile, and digital services. Established in 1946 as the Telecommunications Department of Malaya, the company has evolved through decades of technological advancement and strategic transformation.

    The organisation operates through three primary customer-focused segments including Unifi for consumer services, TM One for enterprise solutions, and TM Global for wholesale telecommunications. This structure enables comprehensive service delivery across Malaysia and international markets.

    As a government-linked company listed on Bursa Malaysia, Telekom Malaysia pursues its PWR 2030 strategy aimed at positioning the nation as a digital hub for ASEAN. The company invests heavily in network infrastructure, data centres, and emerging technologies including artificial intelligence and 5G connectivity to drive Malaysia’s digital transformation agenda.

    Telekom Malaysia History

    1946
    The British colonial administration established the Telecommunications Department of Malaya to rebuild war-damaged infrastructure and restore telephone services across the peninsula.
    1962
    Introduction of Subscriber Trunk Dialling between Kuala Lumpur and Singapore via the country’s first long-distance microwave link marked a significant technological milestone.
    1968
    Formation of Jabatan Telekom Malaysia through merger of telecommunications departments from Malaya, Sabah, and Sarawak created a unified national telecommunications entity.
    1985
    Launch of ATUR 450 analog cellular radio technology positioned Malaysia among Asian pioneers in mobile telecommunications while privatisation preparations commenced.
    1987
    Corporatisation transformed the government department into Syarikat Telekom Malaysia Berhad, marking the nation’s first privatised entity under the Telecommunications Service Act.
    1990
    Public listing on Bursa Securities brought 25 percent of shares to market while introducing prepaid cardphones and toll-free services expanded customer accessibility.
    2001
    Broadband service introduction established TM Net as Southeast Asia’s largest Internet service provider while participation in submarine cable projects enhanced international connectivity.
    2005
    Major rebranding to TM accompanied the launch of Malaysia’s first 3G services and strategic acquisition of 27.3 percent stake in Indonesia’s PT Excelcomindo Pratama.
    2008
    Demerger separated international mobile operations into Axiata Group while High-Speed Broadband project initiated through public-private partnership with the Malaysian government.
    2010
    Launch of UniFi high-speed broadband service revolutionised Malaysia’s internet landscape with fibre-to-the-home technology and competitive pricing structures.
    2018
    Consolidation of business operations under three customer-focused brands streamlined service delivery while unifi Mobile relaunch unified the company’s mobile offerings.
    2024
    Implementation of PWR 2030 strategy focused on digital transformation with investments in AI-ready data centres and 5G infrastructure expansion across the nation.

    Telekom Malaysia Co-founders

    Malaysian Government

    The British colonial administration and subsequently the Malaysian government established and developed the telecommunications infrastructure beginning in 1946. The government maintained ownership and operational control through various iterations until privatisation in 1987.

    Jabatan Telekom Malaysia

    The government department operated as the precursor organisation from 1968 to 1987, building the foundational telecommunications network. Its corporatisation created Syarikat Telekom Malaysia Berhad as an independent commercial entity while preserving technical expertise.

    Telekom Malaysia Revenue

    Telekom Malaysia achieved operating revenue of RM11.71 billion for the financial year 2024. This represented growth driven by higher-yield products and improved operational efficiency across business segments.

    The company’s revenue stream diversifies across internet and multimedia services, data solutions, voice services, and telecommunications-related offerings. Internet and multimedia services generate the majority of income through the Unifi consumer brand.

    TM Global’s wholesale business contributed RM3.06 billion in steady revenue during 2024, supported by domestic and international data demand. The enterprise-focused TM One segment continues expanding through digital transformation projects with corporate clients and government agencies.

    Revenue performance reflects the ongoing transition from legacy voice services toward data-centric offerings. The company invests in network infrastructure and digital capabilities to capture growth opportunities in cloud computing, cybersecurity, and artificial intelligence solutions.

    Telekom Malaysia Market Cap

    The market capitalisation reached RM25.5 billion by December 2024. This valuation increase of nearly 20 percent from January 2024 demonstrated investor confidence in the company’s strategic direction and financial performance.

    Stock performance reflects the company’s ability to deliver consistent profitability while investing in future growth. The telecommunications provider maintains its position among Malaysia’s largest listed companies on Bursa Securities.

    Attractive dividend distributions contribute to market sentiment, with total dividends of 31 sen per share for FY2024 including a special dividend. The company balances shareholder returns with capital allocation toward network expansion and digital infrastructure development.

    Telekom Malaysia Acquisitions

    Telekom Malaysia pursued an aggressive international expansion strategy through strategic acquisitions during the mid-2000s. The company acquired a 27.3 percent stake in Indonesia’s PT Excelcomindo Pratama in 2005, marking entry into Southeast Asia’s largest telecommunications market. This investment provided access to Indonesia’s rapidly growing mobile subscriber base.

    The acquisition strategy extended to Sri Lanka with investment in Dialog Telekom, which became the country’s leading mobile operator. Dialog launched South Asia’s first 3G service in 2006, demonstrating technological leadership in the region. Telekom Malaysia held controlling interest in this subsidiary until the 2008 demerger.

    Singapore’s MobileOne represented another significant investment when TM partnered with Khazanah Nasional to acquire a 17.7 percent stake in 2005. This transaction established TM as the cellular provider’s largest shareholder, gaining foothold in one of Asia’s most developed telecommunications markets.

    Indian market entry occurred through acquisition of 49 percent interest in Spice Communications Private Limited during 2006. Spice Communications began trading on the Bombay Stock Exchange and secured national and international long-distance licences, expanding TM’s reach across the subcontinent.

    Cambodia operations strengthened through acquisition of the remaining 49 percent of Telekom Malaysia International Cambodia in 2006, bringing ownership to 100 percent. This move consolidated TM’s position in the emerging Indochinese telecommunications sector.

    The 2008 demerger separated international mobile assets into a newly formed entity, Telekom Malaysia International, which subsequently listed as Axiata Group Berhad. This restructuring allowed focused management of domestic and international operations under distinct corporate structures while maintaining strategic relationships.

    Domestic acquisitions included the 2003 purchase of Technology Resources Industry and its Celcom mobile unit, creating Malaysia’s largest cellular operator at that time. The TMTouch mobile service merged with Celcom, consolidating market position before the eventual demerger transferred mobile operations to Axiata.

    More recent acquisition activity focuses on digital infrastructure and technology capabilities rather than traditional telecommunications operators. The company acquired Packet One Networks in 2014, rebranding it as webe to strengthen mobile broadband offerings. Strategic partnerships with companies like Nxera for data centre development represent the evolution toward collaborative infrastructure investments.

    Telekom Malaysia Competitors

    The Malaysian telecommunications landscape features intense competition from established operators and emerging players. CelcomDigi Berhad emerged as a formidable competitor following the 2022 merger of Celcom and Digi, creating the nation’s largest mobile operator with over 20 million subscribers.

    Company Primary Services Market Position
    CelcomDigi Berhad Mobile, Data, Fixed Broadband Largest mobile operator post-merger
    Maxis Berhad Mobile, Fibre, Convergence Leading mobile brand with growing fibre base
    TIME dotCom Berhad Fibre Broadband, Data Services Competitive fixed broadband challenger
    U Mobile Mobile Data, Prepaid, Postpaid Fourth-largest mobile operator
    YTL Communications Yes 4G, Mobile Data Focused on data-centric services
    Redtone Digital Enterprise ICT Solutions Business services provider
    REDtone Telecommunications Infrastructure Network services specialist
    Altel Communications Mobile Virtual Services MVNO operator
    Singtel (Regional) International Services Cross-border enterprise solutions
    edotco Tower Infrastructure Largest tower company in Malaysia

    Competition intensifies particularly in the fixed broadband segment where TIME dotCom and Maxis challenge TM’s traditional dominance. These competitors leverage aggressive pricing and service bundling to attract subscribers from regional telecommunications providers in Southeast Asian markets.

    FAQs

    What services does Telekom Malaysia provide?

    Telekom Malaysia offers fixed-line telephony, fibre broadband through Unifi, mobile services via unifi Mobile, enterprise ICT solutions through TM One, wholesale telecommunications through TM Global, cloud services, data centres, cybersecurity, and digital transformation solutions for businesses and consumers nationwide.

    When was Telekom Malaysia founded?

    Telekom Malaysia traces its origins to 1946 when the British established the Telecommunications Department of Malaya. The organisation underwent corporatisation in 1987 to form Syarikat Telekom Malaysia Berhad, becoming Malaysia’s first privatised entity and listed on Bursa Securities in 1990.

    Who owns Telekom Malaysia?

    Telekom Malaysia is a publicly listed government-linked company on Bursa Malaysia. The Malaysian government maintains significant shareholding through investment agencies while remaining shares trade publicly. The company operates with commercial independence while supporting national telecommunications and digital infrastructure development objectives.

    What is Unifi by Telekom Malaysia?

    Unifi represents Telekom Malaysia’s high-speed broadband service launched in 2010, delivering fibre-to-the-home connectivity across Malaysia. The brand offers convergence packages combining home internet, mobile services, entertainment content, and lifestyle solutions. Unifi serves over 3.1 million subscribers as the nation’s leading fixed broadband provider.

    How does Telekom Malaysia compare to competitors?

    Telekom Malaysia dominates fixed-line and broadband markets with the most extensive fibre infrastructure nationwide. While facing mobile competition from CelcomDigi and Maxis, TM maintains leadership in convergence services through quad-play offerings. The company invests in 5G, AI-ready data centres, and digital solutions alongside established telecommunications companies throughout Asia.
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