TM represents one of the largest government-linked companies in the country, with more than 28,000 employees and a market capitalisation of more than RM25 billion. The company is implementing its PWR 2030 strategy focused on digital transformation with investments in AI-ready data centres and 5G infrastructure expansion across the nation.
Cyborg Score Rationale
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 maintains dominant market positions in fixed-line and broadband while diversifying into high-growth digital services including cloud and data centers, though facing competitive pressures in mobile segments.
Top Insights
TM Global is expanding its Klang Valley Data Centre and Iskandar Puteri Data Centre to address increasing demand for data hosting services, part of a roadmap to establish Malaysia as a preferred digital hub in Southeast Asia.
Internet and multimedia services generate the majority of income through the Unifi consumer brand, while TM Global's wholesale business contributed RM3.06 billion in steady revenue during 2024.
Telekom Malaysia is a publicly listed government-linked company on Bursa Malaysia, with the Malaysian government maintaining significant shareholding through investment agencies while remaining shares trade publicly.
CelcomDigi, Maxis, TIME dotCom, XOX, and Axiata Group are among the company's main competitors.
Named Competitors
CelcomDigi — Major Malaysian mobile and telecommunications provider
Maxis — Leading mobile and broadband operator
Axiata Group — Pan-Asian telecommunications operator
Recent Developments
(December 2024) Market capitalisation reached RM25.5 billion, representing nearly 20 percent growth from start of year
(2024) Operating revenue of RM11.71 billion with improved operational efficiency across business segments
(2024) TM Global wholesale business contributed RM3.06 billion in revenue from domestic and international data demand
Open the full interactive Telekom Malaysia Berhad report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.