KUALA LUMPUR, 14 September 2023 - TM Global, the domestic and international wholesale business arm of TM, solidified its commitment to advancing Malaysia’s digital landscape by announcing its recent participation as a consortium member of the Asia Link Cable System (ALC). This strategic move positions Malaysia as one of the key destinations connecting Malaysia to Hong Kong SAR.
Asia Link Cable; image credited to HMN Tech
TM’s entry into the consortium was made official during the signing of the Construction and Maintenance Agreement (C&MA) with all consortium members held in Penang recently. The current seven members from the ASEAN and North Asia regions include Singapore Telecommunications Limited (Singtel); China Telecom Global Limited (CTG); China Telecommunications Corporation (CTC); Globe Telecom (Globe) and DITO Telecommunity Corporation (DITO) of the Philippines, Unified National Networks Sdn Bhd (UNN) of Brunei and Global Transit Singapore Pte. Ltd (GTS).
Commenting on this partnership, Khairul Liza Ibrahim, TM Global’s covering Executive Vice President said, “Our inclusion in the ALC consortium marks another milestone in TM Global’s ongoing efforts to position Malaysia as a digital hub in the region.
“Malaysia emerged as the region’s top destination for technological investment, particularly data centre businesses. Leveraging our strategic location, the ALC is expected to attract more international submarine cables to land in Malaysia and entice global technology players to leverage our data centres.
“This strengthens our efforts to provide reliable, diversified and uninterrupted global connectivity solutions to customers. It also enables us to better support the deployment of hyperscalers’ data centres, and deliver to the future requirements of 5G networks in the country,” she added
Spanning a total distance of approximately 7,200 km with an initial design capacity of 24Tbps, the Cable Landing Station (CLS) for ALC will be strategically located at TM Exchange Kuala Sedili, and will capitalise on its proximity to TM’s Iskandar Puteri data centre in Johor.
The Sedili CLS is the sixth international CLS in the country, including Kuala Muda, Morib, Mersing, Cherating and Melaka. Its construction is projected to be completed by 2025.
With 32 owned and leased submarine cable systems spanning more than 340,000 kilometres around the globe, TM is committed to providing the highest service performance and best quality experience to customers domestically and internationally.
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Encouraging QoQ revenue growth across all product lines 3Q2020 QoQ Key Financial and Operational Highlights (All comparisons refer to the second quarter of 2020 (Quarter-on-Quarter (QoQ) comparison), except as noted): Group Revenue grew 3.8% to RM2.69 billion from RM2.59 billion recorded in 2Q2020. Group Reported Earnings Before Interest and Tax (EBIT) increased by 7.0% QoQ to RM456.2 million, from RM426.3 million in 2Q2020. Group Reported Profit After Tax and Non-controlling Interests (PATAMI) rose 19.9% QoQ to RM329.5 million compared to RM274.7 million. The total capital expenditure (capex) for 3Q2020 stood at 14.9% of revenue or RM400.0 million. unifi: Continues convergence leadership with growth in broadband and mobile; highest convergence penetration of TM households at 58%. TM ONE: Strengthened position as the digital enabler for enterprise and public sector customers with connectivity and end-to-end cloud offerings. 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In 3Q2020, the company invested 14.9% of revenue in capex amounting to RM400.0 million - in line with guidance - as it continued to optimise its network and sweat its assets. Of the amount invested, 50% was for network access, 17% for core network, and the balance 33% for support system. Imri Mokhtar, Group Chief Executive Officer, TM, commenting on the results: "We are pleased to report another quarter of growth across all key financial metrics – revenue and profits – despite the challenging environment in Q3. Our efforts in cost optimisation continue to yield results with a healthy EBIT and a strong PATAMI. As we enter the ninth month of the Covid-19 pandemic, our priority continues to be the safety and health of our 'Warga TM' while continuously delivering connectivity and solutions excellence to our broad customer base." "We are seeing unifi gaining momentum, posting a 6.3% growth to 1.65 million subscribers, with our total broadband customer base now at 2.26 million. 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We continue to seek opportunities to cater for future demands of connectivity, in line with our proven commitment to maintain business profitability whilst adapting to and exploring new norms and avenues from this dynamic circumstances that the nation faces today. [1] Sourced from Bank Negara Malaysia, 14 August 2020
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