Despite increased revenues for the three-month period ending 30 September 2008, Malaysian mobile group TM International (TMI) has revealed a 26% drop in net profit for the quarter. Attributing the drop in profit to escalating financial costs and higher losses from its overseas subsidiaries, the company reported net profits for the three-month period at MYR243.9 million (USD67.6 million), compared to MYR328.4 million year-on-year, while revenues rose to MYR3.28 billion, up 28.2% from MYR2.56 billion a year earlier. Strong performance from subsidiaries Celcom in Malaysia and Excelcomindo in Indonesia b
oosted revenues, with the operators reporting turnover growth of 10% and 60% respectively y-o-y, thanks to increases in both subscriber numbers and usage.Commenting on the results TMI chairman Tan Sri Azman said, ‘We are generally pleased to see that TMI is still recording healthy financials despite the unprecedented volatility in the global markets. We are confident of TMI's longer term growth potential given that through its holdings, TMI addresses a target population of 1.45 billion people with an average penetration rate of 31.1%.’ TMI was listed as a separate company earlier this year after state-controlled Telekom Malaysia spun off its mobile operations.
oosted revenues, with the operators reporting turnover growth of 10% and 60% respectively y-o-y, thanks to increases in both subscriber numbers and usage.Commenting on the results TMI chairman Tan Sri Azman said, ‘We are generally pleased to see that TMI is still recording healthy financials despite the unprecedented volatility in the global markets. We are confident of TMI's longer term growth potential given that through its holdings, TMI addresses a target population of 1.45 billion people with an average penetration rate of 31.1%.’ TMI was listed as a separate company earlier this year after state-controlled Telekom Malaysia spun off its mobile operations.2. StarHub deploys world’s first commercial 3G femtocell product
Singaporean mobile and broadband service provider StarHub has launched what is being touted the world’s first commercially-available 3G femtocell service, under the banner ‘Home Zone’. The operator’s portable 3G femtocell devices will connect StarHub users’ UMTS handsets directly to their MaxOnline broadband-enabled router in the home/SOHO allowing them to make voice and video calls and send text messages via their cable connection. According to ACN Newswire StarHub is making all local outgoing voice, video calls and SMS messaging free for customers using Home Zone, saving them a significant amount on their monthly bills.
3. Mobily IP network
Mobile operator Mobily has contracted Huawei to assist in the deployment of an internet protocol (IP)/multiprotocol label switching unified core network. Mr Liu Qi, chief executive officer of the Huawei Saudi Arabia Representative Office said, ‘The integration of bearer networks for voice and data is the basis for an all-service operation.’ At the begining of November Mobily paid SAR80 million (USD21.3 million) to take a 94% stake in local internet service provider Zajil as its second move into the Saudi data market, following last year’s USD400 million buy of WiMAX licensee Bayanat al-Oula.
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