【TM 4863 交流专区】马电讯

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馬電訊次季淨利減至2.12億

2015-08-25 16:54      
（吉隆坡25日訊）馬電訊（TM，4863，主板貿服組）受無線寬頻公司收購計劃和外匯虧損影響，截至今年6月30日止第二季淨利小跌0.92%至2億1千206萬6千令吉，半年淨利更下跌19.71%，降至3億4千零98萬1千令吉。

第二季營業額微揚0.67%至28億4千零59萬3千令吉，半年營業額則上升3.18%至56億1千466萬2千令吉。

派息9.3仙
9月7日除權

董事部建議每股派息9.3仙，9月7日除權。

根據初步報告，該公司表示，第二季營業額微揚，主要是互聯網及多媒體和非電訊業務營收提高，抵銷語音、數據和其他電訊服務營收降低的影響。

其中，互聯網及多媒體服務營業額提高14.3%至8億3千120萬令吉。Unifi用戶按年增加16.18%至78萬2千123人，提高頻道和影像產品的銷量，此外，去年9月30日收購的無線寬頻公司――Packet One Networks公司（P1）逐步貢獻營收，也應記一功。

不過，該公司納進P1的虧損後，扣除融資開銷前的第二季營運盈利按年減少9.8%，至3億零470萬令吉。

除了上述原因，該公司也因馬幣兌美元貶值而承擔外匯虧損，最終導致第二季淨利小跌0.92%。

半年來看，雖然營業額提高3.18%，但受P1虧損和新購資產的商譽損失拖累，營運盈利降低16.3%至5億4千750萬令吉。在計入外匯虧損後，該公司半年淨利下跌19.71%。

該公司首席執行員丹斯里詹占賽拉尼在文告中說，第二季營運開銷減少，帶動營運盈利按季上揚超過25%。

包括第二季的4億2千800萬令吉，該公司上半年資本開銷達6億8千600萬令吉，佔營業額的12.2%。

詹占賽拉尼指出，P1業務進展良好，該公司不僅順利整合網絡和推出商業產品，收購這項資產也讓該公司得以整合旗下資產和服務。

展望未來，馬電訊表示，除了積極加強國內市場，該公司也透過參與興建跨國海底電纜項目等計劃，進一步拓展海外業務。

無意重組外債

馬電訊執行董事兼首席財務員拿督巴茲蘭在媒體匯報會上表示，公司的外匯損失主要來自外債，但他認為，公司目前不需要對外匯做仍何行動。

該公司在外匯上從2014財政上半年的淨賺1千萬令吉，轉為今年上半年的淨虧5千570萬令吉。

2億美元債務10年後到期

巴茲蘭表示：“我們目前有大概2億美元的未對衝美元債務，只占整體債務的12%。”

而他也強調：“這筆2億美元債務2025年才會到期，所以以目前的情況衡量，我認為我們不需要重組債務或做出任何行動。”

但他透露，在短期內，馬電訊會盡可能減低暴露於美元的風險。

“我們目前有7億5千美元的儲備信用設施，但在可見的未來我們會儘量使用馬幣，可能是馬幣儲備信用設施，或以現金支付接下來的資本開銷。”

根據巴茲蘭，馬電訊今年的資本開銷最多會花全年營業額的30%，視乎高速寬頻2（HSBB2）及長期演進技術（LTE）的發展而定。

詹占賽拉尼透露，馬電訊已經拿到高速寬頻2的合約通知書（LOA），但所有的細節還未談妥，預計將會在1至2個月內正式簽約。（星洲日報／財經）

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2015	30 Jun 2014	30 Jun 2015	30 Jun 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	2,840,593	2,821,750	5,614,662	5,441,786
2	Profit/(loss) before tax	256,077	309,323	428,155	588,961
3	Profit/(loss) for the period	181,951	224,464	297,858	443,289
4	Profit/(loss) attributable to ordinary equity holders of the parent	212,066	214,030	340,981	424,661
5	Basic earnings/(loss) per share (Subunit)	5.69	5.97	9.16	11.86
6	Proposed/Declared dividend per share (Subunit)	9.30	9.50	9.30	9.50
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.0478		2.0356

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EX-date	07 Sep 2015
Entitlement date	09 Sep 2015
Entitlement time	05:00 PM
Entitlement subject	Interim Dividend
Entitlement description	Interim single-tier dividend of RM0.093 per share for financial year ending 31 December 2015.
Period of interest payment	to
Financial Year End	31 Dec 2015
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	SYMPHONY SHARE REGISTRARS SDN BHDLevel 6, Symphony HousePusat Dagangan Dana 1Jalan PJU 1A/4647301 Petaling JayaTel:03-78490777Fax:03-78418151
Payment date	23 Sep 2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	09 Sep 2015
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.0930
Par Value	Malaysian Ringgit (MYR)

icy97

马电讯偕时光网络 共建SKR1M海底电缆

财经新闻 财经  2015-08-29 12:42
（吉隆坡28日讯）马电讯（TM，4863，主板贸服股）与时光网络（TimeCom,5031,主板基建股）子公司TTdotcom（TTdc）签下为期20年的建设与维修协议（CMA），共同建造和发展一马人民电缆系统（SKR1M）的海底电缆系统。

这项海底电缆系统是政府提升高速宽带能力的举措之一，并已列入2014、2015年财政预算案内。

在这项协议下，马电讯与TTdc将联手为SKR1M提供建设、发放、操作和维修服务。

合作内容涵盖投资原则、表决权、使用容量、操作和维修，其中包括对SKR1M的实施与管理。

打造SKR1M电缆系统的资本开销将由马电讯（占83.63%）和TTdc（16.37%）两家公司共同负担。

这意味着，提升服务、操作和维修费也由两家公司承担。

马电讯表示：“双方的合作不具有利润分享因素，两间公司的所有交易都将视为成本补偿，资本开销将由内部基金资助”

“马电讯与TTdc也同意终生操作和维修SKR1M网络，包括负责更换已坏电缆费用，确保服务不会中断。”

假设SKR1M不再提供服务，那么两方合作关系也将划上句号。

有关协议也是双方今年3月3日签订了解备忘录的其中一个条款。【南洋网财经】

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	CONSTRUCTION AND MAINTENANCE AGREEMENT (C&MA) BETWEEN TELEKOM MALAYSIA BERHAD AND TT DOTCOM SDN BHD FOR THE DEVELOPMENT OF THE "SISTEM KABEL RAKYAT 1 MALAYSIA (SKR1M)"
1.           INTRODUCTION We refer to our earlier announcements dated 3 March 2015, 3 June 2015 and 31 July 2015 in relation to the signing of a Memorandum of Understanding (“MOU”) with TT dotCom Sdn Bhd (“TTdC”), a wholly-owned subsidiary of Time dotCom Berhad (“TIME”) for the development and construction of a new submarine cable system, called the “Sistem Kabel Rakyat 1 Malaysia (“SKR1M”)”. Pursuant to the said MOU, TM has today entered into a Construction and Maintenance Agreement (“C&MA”) with TTdC for the development and construction of SKR1M. This C&MA is to establish the rules which shall govern the implementation and management of SKR1M. 2.         PARTICULARS OF THE TRANSACTION Upon the signing of the C&MA, TM and TTdC are now ready to move to the next step of the project implementation of the SKR1M cable system. a) Terms of the C&MA The C&MA defines the terms and conditions, upon which TM and TTdC will cooperate with each other to provide, construct, operate and maintain SKR1M cable system. This includes rules which shall govern the investment principles, voting rights, use of capacity, operation and maintenance obligations as well as the implementation and management of SKR1M. b) Duration of the C&MA The duration of the C&MA is twenty (20) years or it will expire upon retirement of SKR1M, whichever is earlier. c) Ownership Interest The capital expenditure to construct the SKR1M cable system will be shared based on ownership interest of the respective parties, estimated for TM and TTdC at 83.63% and 16.37% respectively. Upgrade, operation and maintenance costs will be shared based on ownership interest or utilization, as deemed appropriate by the parties.  There is no element of profit sharing and all transactions between the parties will be on a cost reimbursement basis. d) Source of funding The capital expenditure will be funded from internally generated funds. TM and TTdC will also commit to operate and maintain the SKR1M network for the lifetime of the cable system including funding the cable fault repairs so as to ensure that there will be no service disruptions. 3.         RATIONALE OF THE C&MA The signing of the C&MA will pave the way towards realising the Government’s aspiration and Entry Point Project (“EPP”) initiative entitled “Regional Network” under the Economic Transformation Plan (“ETP”) which aims to increase capacity of submarine cable network in lowering international IP and Domestic connectivity costs. Following this agreement, TM and TTdC will play an integral role in constructing the SKR1M cable system that will allow TM and TTdC to continue to play its role in providing connectivity services from Peninsular to Sabah and Sarawak. This will also address the immediate and future need for capacity demand across the geographical locations. 4.         BRIEF INFORMATION ON THE PARTIES 4.1        TM TM, a public listed company duly incorporated in Malaysia on 12 October 1984, with an authorised share capital of RM3,528,003,015 divided into 5,040,000,020 ordinary shares of RM0.70 each, 1 Special Rights Redeemable Preference Share of RM1.00, 2,000 Class C Non-Convertible Redeemable Preference Shares (“NCRPS”) of RM1.00 each and 1,000 Class D NCRPS of RM1.00 each. The issued and paid-up share capital of the Company is RM2,630,557,302.10 comprising 3,757,934,823 ordinary shares of RM0.70 each, 1 Special Rights Redeemable Preference Share of RM1.00, 2,000 Class C NCRPS of RM1.00 each and 925 Class D NCRPS of RM1.00 each. The principal activities of TM are the establishment, maintenance and provision of telecommunications and related services. 4.2        TTdC TTdC was incorporated as a private limited company in Malaysia on 17 November 1979. The present authorised share capital of TTdC is 2,800,000,000 ordinary shares of RM1.00 each, of which 466,308,000 ordinary shares are fully issued and paid-up. TTdC is a wholly-owned subsidiary of TIME. The principal activities of TTdC are the provision of voice and data communication services through its domestic and international network. 5.         FINANCIAL EFFECT 5.1        Share capital and substantial shareholders’ shareholdings The C&MA will not have any effect on the issued and paid-up share capital as well as the substantial shareholders’ shareholdings of TM. 5.2        Earnings and Net Assets The C&MA is not expected to have any material effect to the earnings and net assets of TM Group for the financial year ending 31 December 2015. However, the C&MA is expected to contribute positively to the future earnings of TM. 6.         APPROVALS REQUIRED The C&MA is not subject to shareholders’ or any government authorities’ approval. 7.         DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST Save as disclosed below, none of the Directors and other major shareholders of TM and/or persons connected to them has any interest, whether direct or indirect, in the C&MA:- a) Khazanah Nasional Berhad (“Khazanah”), a common major shareholder in TM and TIME; b) Tunku Dato’ Mahmood Fawzy Tunku Muhiyiddin, as an Interested Director by virtue of his position as the nominee director of Khazanah; and c) Nik Rizal Kamil Tan Sri Nik Ibrahim Kamil, alternate director to Tunku Dato’ Mahmood Fawzy Tunku Muhiyiddin. 8.         AUDIT COMMITTEE STATEMENT The Board Audit Committee of TM, (save for Tunku Dato’ Mahmood Fawzy Tunku Muhiyiddin an Interested Director by virtue of his position as a nominee director of Khazanah, a common major shareholder), having considered all aspects of the C&MA between TM and TIME is of the view that the C&MA is in the best interest of TM, fair and reasonable and on normal commercial terms, and is not detrimental to the interest of the minority shareholders of TM. The above view is arrived at after having considered that the C&MA is comparable with other existing submarine cable consortium partnership of TM. 9.         BOARD OF DIRECTORS’ STATEMENT The Board of Directors of TM having considered the recommendations of the Board Audit Committee and the rationale of the C&MA, is of the view that the transaction is in the best interest of TM, fair and reasonable and on normal commercial terms and not detrimental to TM minority shareholders’ interest. 10.        TOTAL AMOUNT TRANSACTED WITH THE SAME RELATED PARTY FOR THE PRECEDING 12 MONTHS In the preceding 12 months, apart from the provision of telecommunication related services amounting to RM19.5 million, there were no other transactions with TTdC. This announcement is dated 27 August 2015.

icy97

与马电讯合作　BSN欲提高服务素质

财经  2015年09月08日
（吉隆坡8日讯）马电讯（TM，4863，主板贸服股）与国家储蓄银行（BSN）签署一项统合式网络改造服务合约，为后者旗下的银行提供广域网络服务（WAN），合约期限长达5年。

马电讯首席执行员丹斯里詹佔表示，该项服务合约主要为国家储蓄银行旗下在全国413家银行，提供广域网络服务，以提高该银行服务素质。

他补充，马电讯也將为国家储蓄银行提供资讯和沟通科技（ICT）管理服务，该项管理服务包含，管理广域网络服务、区域网络（LAN）和其他应用程式服务。

提供高清视频服务

除此之外，马电讯也將支援该银行使用马电讯视频技术（TM Telepresence Exchange Services），以提供高清视频服务，这有利于国家储蓄银行，与其在全国分行进行视频会议，提高该银行的在决策上的效率。

詹佔今日出席合约签约仪式后，向媒体发表上述谈话。

其他出席者，包括国家储蓄银行首席执行员阿迪南、国家储蓄银行企业支援部门副首席执行员萧剑明以及马电讯企业业务部分副总裁旺阿曼卡马尔。

阿迪南表示，国家储蓄银行选择和马电讯合作，是因为后者是国內统合式网络的领先者。

他相信，通过与马电讯的合作，將改善银行的网络连接系统及资讯和沟通科技，以改善公司內部营运效率，以服务城市和偏远乡村的客户群提供服务群。

詹佔透露，目前该项合约的进度已经完成约40%左右，预计明年3月份全面完成。【东方网财经】

icy97

P1为商业计划筹资 马电讯购6.2亿债券

财经新闻 财经  2015-09-18 11:21
（吉隆坡17日讯）马电讯（TM，4863，主板贸服股）通过独资子公司Mobikom，认购了Packet One Networks（简称P1）总值达6亿2254万5000令吉的中期可转换票据。

马电讯今日向马交所报备，P1发行票据所筹得资金将用来执行其商业计划。

购绿驰通讯3745万票据

另一方面，Mobikom也认购了由绿驰通讯（GPACKET，0082，主板科技股）所发行，总值3745万5000令吉的可转换中期票据。

绿驰通讯也将用所筹得资金来认购P1的中期可转换票据。

完成上述计划后，若马电讯将票据全数转换为P1股票，将一共持有P1达75.1%股权，绿驰通讯和SK韩国SK电讯（SK Telecom）则分别持股18.2%和6.7%。

目前为止，马电讯所持有的P1普通股仍保持为55.3%股权。【南洋网财经】

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	INVESTMENT BY MOBIKOM SDN BHD (MOBIKOM), A WHOLLY-OWNED SUBSIDIARY OF TELEKOM MALAYSIA BERHAD (TM), IN PACKET ONE NETWORKS (MALAYSIA) SDN BHD (P1) (INVESTMENT IN P1)
We refer to the announcements dated 27 March 2014 and 30 September 2014 in relation to the Investment in P1 (“Announcements”). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcements. TM wishes to announce that its wholly owned subsidiary, Mobikom, had on 15 September 2015 subscribed to RM622,545,000.00 nominal value of the first tranche issuance of the Convertible Medium Term Note (“CMTN” previously referred to as “CB”) under the CMTN Programme issued by P1. The proceeds of this CMTN subscription will be utilised to fund the implementation of P1’s business plan. Separately, Mobikom had on 14 September 2015 subscribed to RM37,455,000.00 nominal value of the subsequent tranche of the Exchangeable Medium Term Note (“EMTN”, previously referred to as “EB”) under the EMTN Programme issued by Green Packet Berhad (“GPB”). The proceeds of this EMTN subscription is utilised by GPB to subscribe to the first tranche of CMTN issued by P1. As a result of Mobikom’s subscription to the CMTNs and EMTNs, TM’s (via Mobikom) shareholding in P1 on a fully diluted basis is 75.1%, while GPB (via Packet One Sdn Bhd) and SK Telecom Co. Ltd (“SKT”) is 18.2% and 6.7% respectively, under the terms of the Investment Agreement. However, TM’s (via Mobikom) shareholding in the ordinary equity of P1 currently remains at 55.3%, subject to further conversion of the CMTNs and/or exchange and conversion of the EMTNs into P1’s Shares. None of the Directors and major shareholders of TM and/or persons connected to them have any interest, direct or indirect, in the abovesaid transaction. This announcement is dated 17 September 2015.

icy97

首阶段投资1.3亿 马电讯努沙再也设数据中心

财经新闻 财经  2015-10-27 12:00
（新山26日讯）马电讯（TM，4863，主板贸服股）子公司———威斯有限公司（VADS），将在努沙再也科技城设立占地7.94公顷的核心数据中心，首阶段投资1亿3000万令吉，该设施预计2017年首季完工。

威斯有限公司主要业务是提供云端服务平台，除了在国内拥有数据中心，业务版图也触及香港和美国。

吸引狮城企业

马电讯主席丹斯里苏莱曼马博指出，随着该核心数据中心的设立，将进一步巩固依斯干达特区作为国际门槛，提供更全面的通讯与资讯工艺服务、业务流程外包服务，以及更快速和广泛的云端科技，满足国内、甚至是东盟区域顾客的需求。

他说，新数据中心能协助企业、官联公司、其他云端与网络供应商托管重要资讯数据。

他指出，从通讯中枢角度而言，坐落努沙再也的这个新数据中心，相信能吸引新加坡企业或到特区投资其他外国企业，让企业们“生意可以变得更简单”以及在市场上更具有竞争力。

他今早出席上述新数据中心动土礼，在致词时这么说。

大会嘉宾是柔佛州务大臣拿督斯里卡立诺丁，其他与会者包括掌管柔佛州公共工程、乡区与区域发展事务的行政议员拿督哈斯尼、柔州秘书拿督依斯迈卡林以及威斯有限公司总执行长麦斯莫等人。

非语音数据占70%营收

苏莱曼马博说，过去两年，工业数据服务需求量每年成长26%，所以新数据中心的设立非常合时宜。

“如今是商业云端数据的时代，非语音数据业务占公司70%的营业额，2012年起公司已经结束语音数据服务线。”

他强调，新数据中心和2016年财政预算所要推动的发展一致，即让我国成为具竞争力的区域科技中心，具备世界级的数据中心。

将吸引云端服务供应商

卡立诺丁指出，努沙再也新数据中心的设立，势将带动特区士年纳数据中心的发展。

他相信，新数据中心的设立将吸引全球云端服务供应商，前来我国投入营运。

早前，市场上就一直盛传微软将进驻士年纳设立数据中心。

卡立诺丁说，先进和科技时代下，我们必须承认越来越依赖快速与正确的资讯，以协助发展公司业务和私人联系。

他说，在创新领域，不管是研发新产品或提升服务，有关资讯的收集不被外泄，是一项具挑战的任务。【南洋网财经】

icy97

高速寬頻支撐‧馬電訊盈利成長可期

2015-10-27 17:14      
（吉隆坡27日訊）馬電訊（TM，4863，主板貿服組）雖得繼續扛著虧損的P1公司，但安聯星展研究深信馬電訊積極擴大高速寬頻覆蓋率可撐起未來成長表現，惟需留意資本開銷可能高於預期。

資本開銷或高預期

安聯星展研究指出，雖然傳統語音業務呈跌，馬電訊卻能在過去3年取得介於6至9%的健康營業額成長率，歸功於網絡和數據需求強勁，相信這樣的趨勢會在未來延續。

“若馬電訊在2016年推出高速寬頻2、城郊寬頻和無線服務等，我們的未來財測將有上升空間。”

安聯星展表示，自2010年推介至今，馬電訊的UniFi光纖寬頻服務享有高訂購率，截至今年第二季共已吸引78萬2千名用戶，滲透率約46%，擴大UniFi覆蓋率相信可強化未來用戶增長，尤其是2017年以後。

P1虧損拖累

無論如何，安聯星展坦言來自P1公司的虧損短期內將繼續拖累馬電訊業績表現，因P1仍需花一些時間才能推出LTE網絡，扭轉業務頹勢。

另外，馬電訊的派息作風很穩健，至少都會派7億令吉或90%淨利，視何者為高。不過因未來資本開銷可能走高，馬電訊在2014年推出股息再投資計劃，這使馬電訊負債水平保持在舒適的1.05倍。

安聯星展預測，馬電訊2015至2017年資本開銷預估預計介於20億至22億令吉，但這尚未把高速寬頻2和城郊寬頻計劃的資本開銷納入考量，這兩項計劃的開銷合計達34億令吉。

安聯星展維持馬電訊的“買進”評級不變，目標價7令吉65仙。（星洲日報／財經‧報導：李三宇

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仅占总外币债务12% 马电讯汇兑损失不足虑

财经新闻 财经  2015-10-28 11:21
（吉隆坡27日讯）马电讯（TM，4863，主板贸服股）的汇兑损失未到让人担心的水平，仅占债务总额的12%。

马电讯执行董事兼财务总监拿督巴兹兰奥斯曼指出，该公司外币总债务约2亿美元（约8.45亿令吉），2025年到期。

在截至6月30日次季，马电讯的债务面对外汇亏损1450万令吉，相比去年同期710万令吉的外汇盈余。

巴兹兰出席马来西亚会计师协会（MIA）举办的国际会计师会议时指出，公司会密切留意局势和变化。

年底铺完LTE

“对冲需要成本，如果成本处于可控范围内，那么我们就会对冲。”

询起马电讯会否发行更多非美元，或是以令吉计价的债务，以缓冲汇率波动的影响，马兹兰表示，这得胥视需不需要贷款而定。

他说：“我们有自己的本钱。”

马电讯目前专注LTE网络部署，估计将能年底完成：“一切都按计划进行中。我们会在万事俱备的时候对外公布。”

马电讯会在11月底公布第3季业绩。【南洋网财经】

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马电讯MekongNet合作 迎柬埔寨客户需求

财经新闻 财经  2015-10-30 10:44
（吉隆坡29日讯）马电讯（TM，4863，主板贸服股）与MekongNet缔结伙伴关系，迎合柬埔寨客户需求。

根据文告，马电讯在柬埔寨的网络服务节点或访问点（point-of-presence，简称POP），将获得MekongNet提供网络基建。

在MekongNet的网络数据中心内的POP，可提供数种不同的网络服务，给当地客户。

马电讯全球与批发部门副总裁莫哈末阿斯里贾法表示，双方缔结的联盟，有助强化马电讯在东南亚的业务版图。

“通过这个新的POP，马电讯可提供具备竞争力价格的广泛服务，给柬埔寨和其他地区的客户。”

同时，双方的伙伴关系，不但有助MekongNet提供更多服务给柬埔寨客户，而且还能连接马电讯在吉隆坡与香港的POP，迎合当地客户日益走高的国际网络宽频需求。

这也有助双方借助对方的区域优势，来满足两国通讯需求，并帮助MekongNet通过马电讯的全球行业地位，来推广本身产品与服务。【南洋网财经】

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進軍4G LTE恐加劇削價戰‧馬電訊短期難討好

2015-11-03 16:33      
（吉隆坡3日訊）馬電訊（TM，4863，主板貿服組）佈局進軍4G LTE市場，分析員擔憂加劇電訊業削價戰，短期內新業務恐怕難以討好。

大眾研究表示，馬電訊積極推進4G LTE服務，採取策略包括與現有電訊公司簽署國內漫遊協議。新產品預期會在明年下半年面市，該公司可能結合現有的寬頻服務如Unifi和Streamyx，並專注於開發高密度區。

馬電訊擁有略多於2千座的電訊塔，確實不足以對抗其他電訊公司，如果該公司善用手中850兆赫頻譜（2 x 10兆赫），有助於加快擴張覆蓋率，提供更優質的全國LTE網絡。

分析員指出，雖然馬電訊有能力提供無線和固定線寬頻配套，但推出2、3年內，可能還是無法帶來可觀的盈利。

政府與馬電訊將聯手推進第二期高速寬頻（HSBB2）和郊區寬頻（SUBB）項目，資本比率尚未出爐。馬電訊今年初接獲中標書後，至今仍未完成細節洽商，以致簽約日期從7月拖延至今。

分析員說，這項合約可以從2018至2019財政年開始提高馬電訊Unifi和Streamyx的運用。

大眾總結說，馬電訊目前本益比達26倍，該行也考慮調低目前為6令吉15仙的合理價，因此決定維持“落後大市”評級。（星洲日報／財經‧報導：王寶欽）


马电讯 投资4G拖累短
财经 股市 行家论股  2015-11-04 12:10
http://www.nanyang.com/node/732337?tid=462

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马电讯偕依区Medini 打造智能大厦和城市

财经新闻 财经  2015-11-04 12:46
（吉隆坡3日讯）马电讯（TM，4863，主板贸服股）和大马依区Medini私人有限公司建立联营关系，以打造智能大厦和智能城市。

根据文告，马电讯独资子公司Intelsec今日和大马依区Medini子公司城镇管理服务私人有限公司（TMS），签署联营和股东协议。

双方计划联营成立管理服务营运公司，提供智能大厦和智能城市服务。

在该协议下，Intelsec和城镇管理服务将在联营公司，各别持股51%和49%。同时Intelsec将以2550万令吉，认购联营公司的2550万股。

联营公司将提供资讯与通讯科技（ICT）的相关服务，以作为大马依区Medini将Medini发展成连接和永续城市，范围涵盖综合基础设施的城市和建筑、设施管理服务、安全保安、停车场管理、能源和设施管理和其他服务。【南洋网财经】

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	PROPOSED JOINT-VENTURE BETWEEN TELEKOM MALAYSIA BERHAD (TM), VIA ITS WHOLLY OWNED SUBSIDIARY, INTELSEC SDN BHD (INTELSEC OR THE COMPANY), AND TOWNSHIP MANAGEMENT SERVICES SDN BHD (TMS), A WHOLLY OWNED SUBSIDIARY OF MEDINI ISKANDAR MALAYSIA SDN BHD (MIMSB)
1.       INTRODUCTION Pursuant to Paragraphs 9.19(23) and 10.08 of the Main Market Listing Requirements (“Main LR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”), we wish to announce that TM, via its wholly owned subsidiary, Intelsec, has today entered into a Joint Venture and Shareholders Agreement (“JVSHA”) with TMS for the establishment of a Joint Venture Company (“JV Co”) which will carry on the business of a managed services operating company to provide smart building services and smart city services (“Proposed Joint Venture”). Intelsec and TMS shall hold 51%, and 49% respectively of the equity interest of the JV Co. Intelsec shall subscribe for 25,500,000 ordinary shares of RM1.00 each in the JV Co at a total cost of RM25.5 million (“Proposed Subscription”). 2.         DETAILS OF THE PROPOSED JOINT-VENTURE 2.1        Business of JV Co JV Co will carry on ICT related business as part of MIMSB’s objective of developing Medini into a connected and sustainable city. The business will include city and building services comprising integrated infrastructure services, integrated parking management, digital signage, energy and facility management services, safety and security services and other services that will be mutually agreed by the parties from time to time. 2.2     Capital Structure a) JV Co shall have an authorised share capital of RM50,000,000.00 divided into 50,000,000 ordinary shares of RM1.00 each. The initial issued and paid up share capital of the JV Co shall be RM32,000,000.00 divided into 32,000,000 ordinary shares of RM1.00 each. b) Within three (3) months after the incorporation of JV Co, the Company and TMS have agreed to subscribe to the First Tranche of the initial issued and paid up share capital amounting to RM2,000,000, in cash and in the agreed proportion of 51%, and 49% respectively. The parties will further subscribe to the Second Tranche of the initial issued and paid up share capital amounting to RM15,000,000 in the agreed proportion within one (1) month after the JV Co’s first Business Plan is approved by its Board of Directors. The remainder of the initial issued and paid up share capital (Third Tranche) in the form of shares amounting to RM15,000,000 shall be subscribed by the parties based on the request from the Board of Directors of JV Co to the shareholders for the purpose of funding JV Co’s business.   c) The Company and TMS have further agreed to an additional future capital contribution of RM18,000,000.00 at such a later time as may be determined by JV Co’s Board of Directors for the purpose of funding the JV Co business as per the aforesaid proportion. 2.3        Sources of Funding The Proposed Joint-Venture will be funded by internally generated funds. 3.         RATIONALE OF THE PROPOSED JOINT-VENTURE JV Co will pave the way towards realising the aspiration of a smart and connected Medini, with TM playing an integral role as the nation’s leading fully integrated communications and ICT services provider as well as our expertise in smart city solutions serving Medini as well as potential regional customers. TM’s investment in JV Co will also provide the opportunity to capture captive market of new project development in Medini for both existing connectivity services including high-speed broadband, as well as other ICT services. 4.         BRIEF INFORMATION ON THE PARTIES 4.1        TM TM is a public listed company duly incorporated in Malaysia on 12 October 1984, with an authorised share capital of RM3,528,003,015.00 divided into 5,040,000,020 ordinary shares of RM0.70 each, 1 Special Rights Redeemable Preference Share of RM1.00, 2,000 Class C Non-Convertible Redeemable Preference Shares (“NCRPS”) of RM1.00 each and 1,000 Class D NCRPS of RM1.00 each. The issued and paid-up share capital of TM is RM2,630,557,302.10 comprising 3,757,934,823 ordinary shares of RM0.70 each, 1 Special Rights Redeemable Preference Share of RM1.00, 2,000 Class C NCRPS of RM1.00 each and 925 Class D NCRPS of RM1.00 each. The principal activities of TM are the establishment, maintenance and provision of telecommunications and related services. 4.2     Intelsec Intelsec was incorporated in Malaysia on 6 October 1995 as a private limited company. It has an authorised share capital of RM25,000,000.00 divided into 25,000,000 ordinary shares of RM 1.00 each, and an issued and paid-up capital of RM 10,650,000 divided into 10,650,000 ordinary shares of RM1.00 each. Intelsec is a wholly-owned subsidiary of TM and its principal activities are the provision information and telecommunications technology (ICT) services and cloud consumption by designing and leveraging on network and exchange platforms. 4.3    MIMSB MIMSB was incorporated in Malaysia on 23 October 2007. It changed its name from RIM City Sdn Bhd to its present name on 22 October 2008. The present authorised share capital of MIMSB is RM60,000,000.00 comprising 50,000,000 ordinary shares of RM1.00 each, 300,000,000 redeemable preference shares (“RPS”) Class A of RM0.01 each and 700,000,000 RPS Class B of RM0.01 each. Total number of shares taken up as at 30 June 2015 is 20,000,000 ordinary shares, 193,181,835 RPS Class A and 461,953,400 RPS Class B. The principal activities of MIMSB are property investment holding and the provision of construction services. 4.4        TMS TMS is a wholly owned subsidiary of MIMSB and is incorporated in Malaysia on 25 May November 2014 as a special purpose vehicle for the provision of township management services. TMS has an authorised share capital of RM10,000,000.00 divided into 10,000,000 ordinary shares of RM1.00 each with an issued and paid-up capital of RM1,000.00 comprising 1,000 ordinary shares of RM1.00 each. 5. FINANCIAL EFFECT 5.1    Share capital and substantial shareholders’ shareholdings The Proposed Joint-Venture will not have any effect on the issued and paid-up share capital as well as the substantial shareholders’ shareholdings of TM. 5.2     Earnings and Net Assets The Proposed Joint-Venture is not expected to have any material effect to the earnings and net assets of TM Group for the financial year ending 31 December 2015. 6. APPROVALS REQUIRED The Proposed Joint-Venture is not subject to shareholders’ or any government authorities’ approval. 7. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST Save as disclosed below, none of the Directors and other major shareholders of TM and/or persons connected to them has any interest, whether direct or indirect, in the Proposed Joint-Venture: a) Khazanah Nasional Berhad (“Khazanah”), a major shareholder of TM, is also a major shareholder of MIMSB. b) Tunku Dato’ Mahmood Fawzy Tunku Muhiyiddin, a nominee Director of Khazanah; and c) Nik Rizal Kamil Tan Sri Dato’ Nik Ibrahim Kamil, alternate director to Tunku Dato’ Mahmood Fawzy Tunku Muhiyiddin. 8.       AUDIT COMMITTEE STATEMENT The Board Audit Committee of TM (“BAC”), save for YM Tunku Dato’ Mahmood Fawzy Tunku Muhiyiddin, as an interested Director by virtue of his position as nominee Director of Khazanah, a common major shareholder in TM and MIMSB, having considered all aspects of the proposed JVSHA, is of the view that the Proposed Joint-Venture is in the best interest of TM, fair and reasonable and on normal commercial terms, and is not detrimental to the interest of the minority shareholders of TM. The above view is arrived at after having considered the rationale of the Proposed Joint-Venture, the long-term accretive value it brings to TM Group and the strategic fit of the proposed JV Co to TM’s growth strategy for the Managed Accounts segment. 9.       BOARD OF DIRECTORS’ STATEMENT The Board of Directors of TM save for interested directors namely, Tunku Dato’ Mahmood Fawzy Tunku Muhiyiddin and Nik Rizal Kamil Tan Sri Dato’ Nik Ibrahim Kamil, having considered the recommendations of the BAC and the rationale of the Proposed Joint-Venture, is of the view that the Proposed Joint-Venture is in the best interest of TM, fair and reasonable and on normal commercial terms and not detrimental to the minority shareholders’ interest. 10.     HIGHEST PERCENTAGE RATIO APPLICABLE PURSUANT TO PARAGRAPH 10.02 (g) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (“Main LR”) Pursuant to paragraph 10.02 (g) of the Main LR, the highest percentage ratio applicable to the Proposed Joint-Venture is 0.3%. 11.     TOTAL AMOUNT TRANSACTED WITH THE SAME RELATED PARTY FOR THE PRECEDING 12 MONTHS In the preceding 12 months, the total transaction between TM and its subsidiaries with MIMSB amounted to RM280,771. This announcement is dated 3 November 2015.

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惠譽：馬電訊加入4G戰圍 流動通訊業競爭白熱化
  
2015年11月20日 企業
（吉隆坡20日訊）惠譽國際評級機構（Fitch Ratings）預計，在此刻市場消費能力疲弱之際，加上馬電訊（TM，4863，主要板貿服）進駐4G市場，我國流動通訊行業競爭料將白熱化。

根據惠譽國際評級機構報告，固定電話線和光纖寬帶服務將維持适度競爭。

該機構預測，通過擴大光纖鋪設範圍，流動通訊行業營業額料可取得個位數微幅成長。不過，在營業額和成本增加壓力下，電訊營運商的平均利息、稅務、折舊與攤銷前盈利（EBITDA）或萎縮70個基點至100個基點。

同時，惠譽指出，長期演進網絡技術服務（LTE）和光纖寬帶服務的拓展將提高資本開銷（CAPEX）。這將使馬電訊的營運資金（FFO）的淨槓桿率從1.9倍提高至2.0倍，接進負面指南。

另外，由于令吉持續走貶，行內競爭激烈拖累資金流動，該領域前景料將受限。

該機構稱：“資本開銷和股息高居不下，這將導致信用指標惡化可能性更大。”

“然而，一旦行內競爭緩和，賺幅和營運資金提高，則有望待動該行業前景轉穩。”【中国报财经】

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P1營運蒙虧‧馬電訊第三季淨利跌12%

2015-11-26 16:33      
（吉隆坡26日訊）馬幣走疲加劇美元貸款之外匯虧損，加上P1蒙受營運虧損，馬電訊（TM，4863，主板貿服組）截至2015年9月30日止第三季淨利跌11.7%至1億6千687萬令吉。
第三季賺1.67億

首9個月淨利跌17%至5億

首9個月淨利難逃馬幣拖累而跌17.2%，至5億零785萬1千令吉。

第三季營業額揚10.9%至29億2千254萬8千令吉，主要受互聯網與多媒體拉抬，語音和數據服務則受局部抵銷。9個月營業額受互聯網與多媒體驅動走高5.7%至85億3千721萬令吉。

馬電訊在文告中說：“互聯網與多媒體服務營收走高18.3%至8億4千45萬令吉，其中UniFi客戶由69萬9千822戶走高至79萬3千戶，去年9月杪收購P1後數據服務從國際獲更高營收。”

集團首席執行員丹斯里詹占賽拉尼表示，第三季業績好壞參半，儘管營運環境充滿挑戰，第三季總營收按季揚2.9%至29.2億主要由語音與數據驅動，稅前盈利也按季改善1.1%至2.59億；馬幣走疲和更高稅務拖累，淨利卻受壓至1億6千687萬，相比正常化淨利約2億令吉。

“馬電訊持續保持大馬寬頻冠軍，第三季寬頻用戶增長3.7%，由221萬增至229萬戶，其中UniFi升1.4%或1萬1千戶至79萬3千戶，53%用戶使用4Mbps以上。”

他說，收購P1協作良好，P1已發展作為集團流動卓越中心，長遠演進（LTE）網絡將規劃作為P1未來成長，12月杪測試後料2016年初可推展和有效傳輸。

第三季資本開銷11億5千萬令吉，或佔營業額13.5%，期間共開銷4億6千700萬令吉。

“大馬經濟研究院預測大馬下半年經濟充滿挑戰，主要是原產品出口價走跌、馬幣走疲和政治波動，馬電訊持續對2015年保持正面，高速寬頻（HSBB）擴展後UniFi繼享高訂購，將給寬頻用戶更佳體驗。”（星洲日報／財經）

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2015	30 Sep 2014	30 Sep 2015	30 Sep 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	2,922,548	2,636,010	8,537,210	8,077,796
2	Profit/(loss) before tax	259,027	262,889	687,182	851,850
3	Profit/(loss) for the period	135,259	191,544	433,117	634,833
4	Profit/(loss) attributable to ordinary equity holders of the parent	166,870	188,849	507,851	613,510
5	Basic earnings/(loss) per share (Subunit)	4.44	5.13	13.60	16.99
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	9.30	9.50
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.0096		2.0356

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馬電訊攻無線業務‧電訊業競爭白熱化

2015-12-03 16:32      
（吉隆坡3日訊）電訊公司第三季財報表現喜憂參半，分析員預期馬電訊（TM，4863，主板貿服組）在明年進軍無線業務後，將在領域掀起更大的風浪，市場競爭可能日趨激烈。

第三季財報喜憂參半

大眾研究表示，今年第三季亞通（AXIATA，6888，主板貿服組）和明訊（MAXIS，6012，主板貿服組）盈利表現符合預期，數碼網絡（DIGI，6947，主板基建計劃組）和馬電訊表現則稍遜預期。

達證券認為，激烈競爭仍是上季關鍵主題，其中天地通從明訊和數碼網絡贏得更多預付用戶，但卻也因停止其後付促銷配套，而丟失最多的後付用戶。

以用戶平均收益（ARPU）來看，明訊ARPU季增4.3%，抵銷用戶流失衝擊，但數碼網絡語音業務ARPU表現低於預期，歸咎於高國際漫遊收費和外勞客戶消費減少。

展望未來，達證券相信通訊業激烈競爭仍值得憂慮，特別是數碼網絡已開始重組預付配套準備反擊，同時馬幣走疲也推高國際漫遊收費，令國際直撥長途電話（IDD）市場競爭也日趨激烈。

大眾研究也認同，隨著馬電訊在明年揮軍進攻無線業務，市場競爭恐更為激烈，因此維持電訊業“中和”評級。

另一方面，馬幣疲軟影響消費力，加上競爭激烈和高資本開銷，惠譽評估機構相信電訊業明年將面對重重挑戰，將2016年展望從“穩定”下調至“負面”。

專譽預期大馬電訊業前景上揚空間有限，因馬幣料持續疲軟和競爭激烈將拉低營運現金流。

由於流動電訊業競爭激烈，相信通訊商們將會為消費者提供更便宜的流動數據（Data）和IDD服務，同時馬電訊進軍4G市場，也為流動通訊收費帶來持續性壓力。

該機構指出，電訊業營運盈利（EBITDA）賺幅將縮窄70至100基點，主因是營業增長壓力和成本增加。

惠譽預期通訊領域營業額明年只會有個位數成長，光纖業務成長將緩衝IDD和流動數據放緩衝擊。

不過，惠譽認為，一旦電訊領域競爭顯著緩和，這將改善其賺幅以及現金流，進而扭轉整個行業的形勢。

整體來看，在眾多通訊公司中，馬電訊受到無線領域的影響最小，而數碼網絡則擁有最多預付電話用戶。（星洲日報／財經‧報導：洪建文、傅文耀）

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达成合作协议　TM用户观看iFLIX可享优惠一年

科技  2015年12月04日
（吉隆坡4日讯）马电讯（TM，4863，主板贸服股）和东南亚网络电视服务商iFLIX集团合作，增加电视內容选择和提升客户体验，后者则藉此翻倍其大马订户量，缔造双贏局面。

马电讯和iFLIX集团合作期限长达12个月，是否延展合作关係將取决于期间的活跃用户人数和公司理念符合度。

马电讯將于今年12月中旬提供为期1年的优惠予Unifi高速宽频用户，只需缴付96令吉（相等於一个月8令吉），而且没有任何附加费用。尔后亦会开放予Streamyx宽频用户。

马电讯新媒体执行副总裁江荣全在双方宣布合作的记者会上指出，是次合作是为了让宽频用户在享有HyppTV宽频电视节目之余，能通过iFLIX观看更多的电视节目和电影。

他坦言，该公司未来会和其他互联网电视（OTT）展开合作。

节目內容不重叠

至於旗下HyppTV宽频电视和iFLIX提供的服务是否会重叠，他表示，「我们的宽频电视是播放各地最新內容，而iFLIX则是提供客户1年前左右的电影或电视节目。」

大马iFLIX首席执行员阿兹兰奥斯曼也就此强调，双方公司所提供的节目內容大不相同。

他补充，该公司提供超过2万小时的节目任君选择，並计划在明年推出自身製作的电视系列节目。

「是次与马电讯合作，预计能推高我们现有大马订户量近1倍。」另一方面，iFLIX集团业务横跨大马、泰国和菲律宾，3国订户量超过100万名，每日平均用户观看时间达100分钟。

该公司在大马的合作伙伴包括，数码网络（DIGI，6947，主板基建股）、三星、马银行（MAYBANK，1155，主板金融股）和LAZADA网络平台等。

阿兹兰奥斯曼称道，该公司不排除和其他电讯企业成为合作伙伴，在未来也会积极地在新兴市场和中东国家寻找商业伙伴，扩大iFLIX的销售网络。

他指出，iFLIX和数码网络在不久后，公佈最新的合作消息。【东方网财经】

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与政府签HSBB2和SUBB协议　马电讯投资23亿

经济新闻
18/12/201520:35
（吉隆坡18日讯）马电讯有限公司（TM，4863，贸易服务组）与中央政府就第二期高速宽频（HSBB2）及郊区宽频（SUBB）计划签署协议，并为总值34亿令吉的项目成本出资23亿令吉。

马电讯向大马交易所报备，将与政府合作，展开接入和国内核心网络，以提供端对端HSBB2和SUBB基础建设。

HSBB2和SUBB这两项计划是在2015年财政预算案公布的。

马电讯指出，HSBB2将在逾10年期陆续推出，以在2017年为超过39万户提供高速宽频服务。政府将投资5亿令吉，而马电讯将拨13亿令吉。

该公司指出，SUBB的基础设施同样会在超过10年的时间陆续推出，其中政府投资6亿令吉，马电讯投资10亿令吉，以在2019年为逾42万户提供高速宽频服务。

根据马电讯，HSBB2将覆盖其他优先经济区，包括州首府和特定主要城市；而SUBB将覆盖郊区和乡区地方。这两个项目将包括覆盖区的教育机构。

马电讯也将推出最后一英里接入网络至家庭和企业，以方便HSBB服务使用3种主要技术，即Fibre-to-the home （FTTH）、Ethernet-to-the-home（ETTH）以及Very High Speed Digital Subscriber Line 2（VDSL2）。

“马电讯还需要提供公平合理的接入HSBB网络，即提供HSBB接入服务、HSBB传输服务和/或HSBB连接服务予使用者。”

“马电讯相信将能够为大马的应用程序和内容开发提供世界级的基础建设，家庭和企业的网速高达100Mbps。”

马电讯集团总执行长丹斯里占占再拉尼在另一份文告中指出，HSBB2和SUBB不仅有利于消费者，大马企业也可享有世界级网络基础建设和超高速连接。

马电讯预计，这项目不会对截至12月31日止2015财政年的盈利有任何实质影响。【光华日报财经】

Type	Announcement
Subject	OTHERS
Description	TELEKOM MALAYSIA BERHAD (TM OR THE COMPANY)Execution of Agreement on High Speed Broadband Project 2 (HSBB2) and Sub Urban Broadband Project (SUBB) in Malaysia between the Government of Malaysia and TM
We refer to our announcements dated 25 February 2015 [Ref No: TM-150225-52543]. 1.0       Introduction TM is pleased to announce that it has today, signed the Agreement on the High Speed Broadband 2 (“HSBB2”) Project (the “HSBB2 Agreement”) and Sub Urban Broadband (“SUBB”) Project (the “SUBB Agreement”) in Malaysia with the Government of Malaysia (the “Government”). 2.0       Details of the Transaction 2.1       High Speed Broadband 2 (“HSBB2”) Project 2.1.1.  TM, had on 25 February 2015, announced that it has accepted the Letter of Award (“LoA”) from the Government for the implementation of the HSBB2 Project in collaboration with the Government to deploy the access and domestic core networks to deliver an end-to-end HSBB infrastructure. 2.1.2   The infrastructure will be rolled out over a period of ten (10) years with the Government investing RM500 million and TM RM1.3 billion to provide high-speed broadband access to over 390,000 premises by 2017. 2.1.3   Under the HSBB2 Agreement:- i.       Phase 2 of the project will cover other priority  economic areas including the state capitals and selected major towns, including  passing Public Universities,  Institutions of Higher Education (Institut Pengajian Tinggi Awam or IPTAs) , Private Institutions of Higher Education (Institut Pengajian Tinggi Swasta or IPTS), Matriculation Colleges and other Government Colleges within the rollout areas. ii.      TM will roll-out last mile access network to homes and businesses to facilitate HSBB services using three (3) main technologies, i.e. Fibre-to-the home (“FTTH”), Ethernet-to-the-home (“ETTH”) and Very High Speed Digital Subscriber Line 2 (“VDSL2”). iii.     TM is to provide fair and equitable access to the HSBB network by offering HSBB Access Services, HSBB Transmission Services and/or HSBB Connection Services to access seekers. 2.2       Sub Urban Broadband (“SUBB”) Project 2.2.1   TM, had also on 25 February 2015, announced that it has accepted the LoA from the Government for the implementation of the SUBB Project in collaboration with the Government to deploy the access and domestic core networks to deliver an end-to-end SUBB infrastructure. 2.2.2   The infrastructure will be rolled out over a period of ten (10) years with the Government investing RM600 million and TM RM1.0 billion to provide high-speed broadband access to over 420,000 premises by 2019. 2.2.3  Under the SUBB Agreement:- i. The project will cover sub urban and rural areas, including passing Public Universities, Institutions of Higher Education (Institut Pengajian Tinggi Awam or IPTAs), Private Institutions of Higher Education (Institut Pengajian Tinggi Swasta or IPTS), Matriculation Colleges and other Government Colleges within the rollout areas. ii. TM will roll-out last mile access network to homes and businesses to facilitate HSBB services using three (3) main technologies, i.e. VDSL2, FTTH and ETTH. 3.0      Rationale for the Transaction The HSBB2 and SUBB Projects are key initiatives in the effort to widen broadband penetration in the country and the HSBB2 and SUBB will benefit the industry and the country as a whole. TM believes that it will be able to provide world-class infra-structure for applications and content development in Malaysia with speed of up to 100 Mbps for both homes and businesses. 4.0       Financial Effects of the Transaction 4.1       Issued and Paid-Up Share capital The HSBB2 and SUBB Agreements will not have any effect on the issued and paid-up share capital of TM. 4.2       Earnings, Net Assets and Gearing The HSBB2 and SUBB Projects are not expected to have any material impact on the earnings, net assets and gearing of TM Group for the financial year ending 31 December 2015. 4.3       Substantial Shareholders’ Shareholdings The HSBB2 and SUBB Agreements will not have any effect on the shareholding of TM’s substantial shareholders. 5.0       Approvals Required The execution of the HSBB2 and SUBB Agreements have been duly approved by the Board of Directors of TM and is not subject to any other approvals. 6.0       Directors' and Major Shareholders' Interest None of the Directors or major shareholders or persons connected to them has any direct or indirect interest in the HSBB2 and SUBB Agreements. This announcement is dated 17 December 2015.

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Type	Announcement
Subject	OTHERS
Description	TELEKOM MALAYSIA BERHAD (TM OR THE COMPANY)Execution of Agreement on High Speed Broadband Project 2 (HSBB2) and Sub Urban Broadband Project (SUBB) in Malaysia between the Government of Malaysia and TM
We refer to the abovesaid announcement dated 17 December 2015 [Ref No: GA11112201500006]. Attached herewith the news release with regards to the same.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4953797

Attachments NR HSBB2 and SUBB Signing 17Dec15 .pdf

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34億合約催化盈利‧馬電訊派息不受影響

2015-12-18 18:28      
（吉隆坡18日訊）馬電訊（TM,4863,主板貿服組）總值34億令吉高速寬頻合約入袋，分析員看好這將成為集團中長期盈利催化劑，而集團有足夠的財政能力籌措資本，不會影響未來派息表現。

有財政能力籌資

馬電訊與政府簽署協議，以在10年內進行總值34億令吉的第二階段高速寬頻服務（HSBB）和近郊地區寬頻工程（SUBB），以期在2017年和2019年為逾39萬戶和42萬戶家庭提供高速寬頻服務。

豐隆研究認為，儘管相關工程有所延宕，但仍將為集團未來增長帶來正面利多，HSBB2將擴大高速網絡覆蓋率22%，從177萬戶增至216萬戶家庭。

“同時，P1等流動通訊公司也將從更廣泛的光纖網中受惠，以支撐4G服務素質。”

但達證券對HSBB2和SUBB的涵蓋家庭數量雙雙調降感到意外，惟相信這無損對馬電訊中期增長的影響。

大眾研究認為，HSBB和SUBB效益料難在短期內顯著推動馬電訊固線用戶增長，但相關計劃將使集團打開服務不足地區的廣大Unifi潛在用戶群，將成為長期增長催化因素。



資本開銷料明年見頂

與此同時，大馬研究說，馬電訊管理層並未透露2016財政年資本開銷訊息，但透露資本開銷將在明年見頂。

假設HSBB2和SUBB未來10年資本開銷平攤，馬電訊2015財政年資本開銷將額外增加2億3千萬令吉，僅佔總資本投資的8%，因此維持其2016財政年資本開銷佔營業額23%比重目標，預見未來資本開銷將進一步下滑至20%。

肯納格研究指出，憑藉豐富的網絡經驗，以及HSBB1以外地區殷切需求支持下，相信HSBB2和SUBB2的妊娠期將更短。

“馬電訊手握34億令吉銀彈，而截至2015年第三季止，其總債務佔營運盈利比為1.86倍，融資將不成問題。”

安聯星展研究也認同，稱在扣除政府分額後，兩大工程將推高馬電訊2016至2017財政年資本開銷4億令吉，但集團負債比仍在舒適水平，仍有融資空間。

更重要的是，豐隆研究說，縱然馬電訊2016和2017財政年資本開銷上揚，也不會影響到派息政策。

盈利前景方面，各大證券行意見分歧，大馬研究維持2016和2017財政年盈利不變，但安聯星展研究則基於高折舊開銷，下砍馬電訊2016至2017財政年每股盈利2至3%，但相信隨著Unifi新增用戶增加，以及Streamyx用戶平均收益（ARPU）上揚，相信2018財政年後盈利將捎來好消息。

不過，投資者對新合約入袋消息反應冷淡，馬電訊今日低開低走，全日以6令吉52仙平盤價掛收。（星洲日報／財經）

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马电讯 P1 天地通合作 增强基建扩大服务

经济新闻
3/02/201619:04
（吉隆坡3日讯）马电讯有限公司（TM，4863，贸易服务组）子公司Packet One Networks（马）私人有限公司（P1）与天地通亚通（Celcom Axiata）携手合作，为用户提供本地漫游服务。

作为回报，天地通将可使用马电讯的增强网络设施与基建。

马电讯向大马交易所报备，集团已和P1以及天地通签署一项本地漫游服务与设施协议，以促成这项漫游安排。

马电讯也和天地通、Celcom Mobile私人有限公司，以及Celcom Networks私人有限公司就下一阶段的基建合作签署一项协议备忘录，此合作包含马电讯的下一代回程服务（NGBH）以及高速宽频网络（HSBA）。

该协议备忘录涵盖一项由马电讯与Celcom Mobile就高速宽频（HSBB）服务协议签署的补充协议，以及马电讯和天地通签署的批发频带（wholesale bandwidth）服务补充协议。

马电讯在文告中指出，根据三方签署的协议，P1可透过这项策略商业合作，为用户提供本地漫游服务，作为提供无缝隙衔接流动网络服务予客户的部分计划。


马电讯表示：“与此同时，天地通、Celcom Mobile和Celcom Networks签署的基建合作协议，可透过NGBH和HSBA为天地通的流动站点及宽频覆盖范围，提供光纤回程衔接（fibre backhaul connectivity）的批发安排。”

马电讯与天地通联合发布的文告指出，这项协议是由马电讯集团总执行长丹斯里占占再拉尼、P1主席Chan Cheong，以及天地通亚通总执行长拿督斯里沙查利所签署。

“这项合作有助我们进一步开拓流动主张，全力推行真正融为一体的固定宽频服务体验。为了达至这个目标，P1目前与我们联手合作，为推广接下来的流动服务，进行用户测试和网络准备测试。”

马电讯补充，根据这项合作协议，天地通使用马电讯的高速宽频网络的这一部分也可续约。

“这将促使我国的领先数据供应商为用户提供固定宽频服务，无论是企业对客户（B2C）或企业对企业（B2B）。”

有鉴于此，天地通的全国网络覆盖率和功能，将随着公司积极推广LTE网络而进一步延伸。

再者，马电讯表示，此合作将可避免不必要的网络基建重叠运用的情况，这也是促使两家公司运作更有效率的策略举措。

这项本地漫游协议为期最少5年，并自动续约另外5年；而基建合作的期限将根据所提供的服务而定，1年至10年不等。

马电讯指出，这项合作料将不会对其截至今年12月杪的财年盈利和净资产，构成任何重大影响。【光华日报财经】

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	TELEKOM MALAYSIA BERHAD (TM OR THE COMPANY) COLLABORATION BETWEEN TM, PACKET ONE NETWORKS (MALAYSIA) SDN BHD AND CELCOM AXIATA BERHAD
1.0       INTRODUCTION TM wishes to announce that the Company and its subsidiary, Packet One Networks (Malaysia) Sdn Bhd (“P1”) have today entered into the following agreements (“Definitive Agreements”): i) Domestic Roaming Services and Facilities Agreement (“DR Agreement”) between TM, P1 and Celcom Axiata Berhad (“Celcom”); and ii) Memorandum of Agreement for the next phase of infrastructure collaboration comprising TM Next-Gen Backhaul™ Services and TM’s High Speed Broadband (Access) between TM, Celcom, Celcom Mobile Sdn Bhd (“Celcom Mobile”) and Celcom Networks Sdn Bhd (“Celcom Networks”) (“Infrastructure Collaboration”), (to be collectively known as “Collaboration”). The Memorandum of Agreement comprise of the following agreements: i) the Supplemental Agreement No. 5 to the High Speed Broadband (“HSBB”) Service Agreement between TM and Celcom Mobile; ii) the Addendum No. 1 to the Specific Terms and Conditions for Wholesale Internet Access Services between TM and Celcom Networks; iii) the Specific Terms and Conditions for Fiber Backhaul Connectivity Services between TM and Celcom Networks; iv) The Supplemental Agreement No. 2 to the Wholesale Bandwidth Services Agreement between TM and Celcom. TM and P1’s agreement with Celcom entails a strategic business cooperation that enables P1 to provide Domestic Roaming services as part of its plan to deliver seamless access for mobile network connectivity to its customers. At the same time, the Infrastructure Collaboration agreements with Celcom, Celcom Mobile and Celcom Networks will provide wholesale arrangement on fiber backhaul connectivity through its Next Generation Backhaul (“NGBH”) Services and High Speed Broadband (Access) (“HSBA”) for Celcom’s mobile access sites and fixed broadband coverage. 2.0       SALIENT POINTS OF THE DEFINITIVE AGREEEMENTS The salient points of the Collaboration are as follows:- 2.1 Scope   a) Scope of the Domestic Roaming services Celcom shall provide the following to TM or P1: i) 2G and/or 3G Domestic Roaming services and Circuit Switch Fall Back (“CSFB”) voice and Enhanced Single Radio Voice Call Continuity (“eSRVCC”) to support seamless voice service handover from P1 Long Term Evolution (“LTE”) to Celcom 2G and/or 3G or any similar technology whenever it’s made available by P1 to Celcom and accepted by Celcom (hereinafter referred to as “the Domestic Roaming Arrangement”); ii) The 2G and/or 3G Domestic Roaming services to be provided under the Domestic Roaming Arrangement shall be Voice, Short Messaging Service (“SMS”), Multimedia Messaging Service (“MMS”), Data and International Direct Dialling (“IDD”), if any. b) Scope of the Infrastructure Collaboration The Infrastructure Collaboration will extend Celcom’s nationwide coverage and network capabilities beyond its current capacity with its progressive roll-out of its LTE network. The collaboration will elevate the existing partnership between TM and Celcom for TM Next-Gen Backhaul™ services to another level as it extends the additional provision of Celcom’s LTE sites and access to HSBB’s network. 2.2 Duration a) Term of the Domestic Roaming services The proposed Domestic Roaming agreement is for a minimum period of five (5) years with an automatic renewal for a further period of five (5) years. b) Term of the Infrastructure Collaboration The period for the Infrastructure Collaboration ranges from one (1) year to ten (10) years based on the services provided. 3.0       RATIONALE FOR THE COLLABORATION In the spirit of supporting the Government’s aspiration in fostering partnerships amongst industry players, TM is partnering with Celcom to leverage on existing infrastructure in order to enhance and develop the end user experience for all parties. The Domestic Roaming arrangement will enable P1 to access Celcom’s mobile network coverage nationwide. In return, Celcom will have access to enhanced network facilities and infrastructure provided by TM. 4.0       BRIEF INFORMATION ON PARTIES 4.1       TM TM, a public listed company duly incorporated in Malaysia on 12 October 1984, has an authorised share capital of RM3,528,003,015.00 divided into 5,040,000,020 ordinary shares of RM0.70 each, 1 Special Rights Redeemable Preference Share of RM1.00, 2,000 Class C Non-Convertible Redeemable Preference Shares (“NCRPS”) of RM1.00 each, 1,000 Class D NCRPS of RM1.00 each. The issued and paid up share capital of the Company is RM2,630,555,302.10 divided into 3,757,934,823 ordinary shares of RM0.70 each, 1 Special Rights Redeemable Preference Share of RM1.00 and 925 Class D NCRPS of RM1.00 each. The principal activity of TM is the establishment, maintenance and provision of telecommunication and related services. 4.2       P1 P1 was incorporated in Malaysia under the Companies Act, 1965 (“CA”) on 11 February 2002 as a private limited company under the name of MIB Comm Sdn Bhd and subsequently assumed its present name on 24 January 2007. The authorised share capital of P1 is RM100,000,000.00 divided into 100,000,000 ordinary shares of RM1.00 each. Its issued and paid-up capital stands at RM16,697,425.00 held by Mobikom Sdn Bhd (55.3%), a wholly-owned subsidiary of TM, Packet One Sdn Bhd, a wholly-owned subsidiary of Green Packet Berhad (31.1%) and SK Telecom Co. Ltd. (13.6%). It is principally involved in the provision of last mile broadband network infrastructure facilities and services in Malaysia. 4.2       Celcom Celcom was incorporated in Malaysia on 5 January 1988. The issued and paid-up share capital of Celcom stands at RM1,237,534,681.00 comprising 1,237,534,681 ordinary shares of RM1.00 each. Celcom was the first privately owned company in Malaysia to offer mobile services when it launched its “Art 900” analogue mobile system in 1989. In 1995, Celcom was one of the first operators in Malaysia to provide digital services through its GSM 900 network. Celcom currently operates 2G, 3G and 4G LTE and provides mobile telecommunication services in Malaysia under the brand name “Celcom”. 4.3       Celcom Mobile Celcom Mobile was incorporated in Malaysia on 15 July 1976. The issued and paid-up share capital of Celcom Mobile stands at RM313,000,000.00 comprising 313,000,000 ordinary shares of RM1.00 each. The principal activities of Celcom Mobile are the provision of mobile communications, network and application services and content. 4.4       Celcom Network Celcom Networks was incorporated in Malaysia on 30 March 1990. The issued and paid-up share capital of Celcom Networks stands at RM535,000,000.00 comprising 535,000,000 ordinary shares of RM1.00 each. Celcom Networks is principally involved in the provision of network telecommunications, capacity and related services. 5.0       FINANCIAL EFFECT 5.1       Share Capital The Collaboration would not have any effect on the issued and paid-up share capital of TM. 5.2       Earnings and Net Assets The Collaboration is not expected to have any material effect to the earnings and net assets of the TM Group for the financial year ending 31 December 2016. However, the Collaboration is expected to contribute positively to the future earnings of TM Group. 6.0       APPROVALS REQUIRED The Collaboration is not subject to shareholders or any government authorities’ approval. TM will procure its shareholders’ approval at the next annual general meeting for recurrent related party transactions under the Definitive Agreements pursuant to paragraph 10.09 (2) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. 7.0       DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS’ INTEREST Save as disclosed below, none of the Directors and other major shareholders of TM and/or persons connected to them has any interest, whether direct or indirect, in the Collaboration:- i) Khazanah Nasional Berhad (“Khazanah”), a common major shareholder of both TM and Axiata Group Berhad (“Axiata”). Celcom, Celcom Mobile and Celcom Networks are wholly-owned subsidiaries of Axiata. ii) Minister of Finance Incorporated (“MOF Inc”), the holding company of Khazanah. iii) YM Tunku Dato’ Mahmood Fawzy Tunku Muhiyiddin, a nominee Director of Khazanah. iv) Encik Nik Rizal Kamil Tan Sri Dato’ Nik Ibrahim Kamil, alternate director to Tunku Dato’ Mahmood Fawzy Tunku Muhiyiddin. v) YBhg Dato’ Dr Mohmad Isa Hussain, a nominee director of MOF Inc. vi) Encik Asri Hamidin @ Hamidon, alternate director to Dato’ Dr Mohmad Isa Hussain. 8.0       AUDIT COMMITTEE STATEMENT The Board Audit Committee (“BAC”) of TM, (save for Tunku Dato’ Mahmood Fawzy Tunku Muhiyiddin, an Interested Director by virtue of his position as a nominee Director of Khazanah, a common major shareholder of TM and Axiata), having considered all aspects of the proposed Collaboration is of the view that the proposed Collaboration is in the best interest of TM, fair and reasonable and on normal commercial terms, and is not detrimental to the interest of the minority shareholders of TM. The above view is arrived at after having considered that the proposed Collaboration will derive greater value for the whole of TM Group and will enable TM to execute its convergence strategies. 9.0       STATEMENT BY THE BOARD OF DIRECTORS The Board of Directors of TM save for Interested Directors, namely Tunku Dato’ Mahmood Fawzy Tunku Muhiyiddin and his alternate, Nik Rizal Kamil Tan Sri Dato’ Nik Ibrahim Kamil, Dato’ Dr Mohmad Isa Hussain and his alternate, Asri Hamidin @ Hamidon, having considered the recommendations of the BAC and the rationale of the proposed Collaboration, is of the view that the proposed Collaboration is in the best interest of TM Group. 10.0     TRANSACTION WITH THE SAME RELATED PARTY FOR THE PRECEDING 12 MONTHS Save for the proposed Collaboration and recurrent related party transactions of revenue and trading nature, there were no other transactions entered into between the Company with the same related party for the 12 months preceding the date of this announcement. This announcement is dated 28th January 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4988409

Attachments Joint NR - TM-P1-Celcom.pdf

icy97

马电讯 P1亏损抑制派息率

财经 行家论股  2016-01-30 12:54

目标价：6.85令吉

最新进展
马电讯（TM，4863，主板贸服股）与旗下的Packet One Networks（简称P1）和亚通（AXIATA，6888，主板贸服股）旗下天地通亚通（Celcom Axiata），签署本地国际漫游服务合约。

该国际漫游服务合作，最低期限为5年，过后将自动续约5年。

此外，马电讯也与天地通签署基建设备合作协议，合作期限则介于1至10年，取决于服务的供应。

行家建议
P1和天地通之间的本地国际漫游服务合作，在中期里能够缓和马电讯盈利遭到侵蚀的问题，此外，也能够加速P1全面移动服务的速度。

我们的看法正面，因为P1可借此获得全国的电讯覆盖率，同时大幅减轻初期的资本开销。

然而，对于P1转亏为盈的速度，我们仍然保持谨慎，毕竟市场竞争剧烈，同时也趋向饱和。

由于马电讯的估值昂贵，加上P1的亏损将限制派息空间，因此维持“守住”评级。



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