Subscription of Telekom Malaysia grows 63pc in Q3
Telekom Malaysia Berhad (TM), with operations in nine Asian countries, recorded a growth of 63 percent in regional cellphone subscriber numbers in its third quarter as of September 2006 to 26.5 million from 16.3 million a year ago. TM is present in Bangladesh through its 70 percent stake in TM (International) Bangladesh (TMIB) Ltd, while it has operations in such Asian countries as Indonesia, India, Singapore, Cambodia, Thailand, Sri Lanka and Pakistan, says a press release. 'We have increased capital expenditure for our international operations and spent more than US$400 million in the first nine months of this year,' said Md Radzi Mansor, TM group chairman, on the sidelines of the ITU's five-day Telecom World Event in Hong Kong that began on Monday. The TMIB, established in 1996 and a joint venture company between TM and AK Khan & Co Ltd, operates under the brand name of AKTEL and has more than 4.3 million subscribers nationwide as on September 30, 2006.
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