Telekom Malaysia Bhd (TM) has reaffirmed its commitment to enhancing customer experience, capacity and value with the 2600 megahertz (MHz) spectrum band acquired from the Malaysian Communications and Multimedia Commission (MCMC) recently.
The company had accepted the offer from MCMC for a 20 MHz spectrum block of the 2600 MHz spectrum band through its subsidiary, Webe Digital Sdn Bhd.
In a statement to Bursa Malaysia today, TM said the assignment of 20 MHz in the 2575-2595 MHz frequency band is effective from July 1, 2022, and entails a total applicable fee of RM37 million over a period of five years, including an upfront fee of RM7.06 million and the annual fee of RM5.98 million to be paid by Dec 15 each year.
Group chief executive officer, Imri Mokhtar said that the spectrum provides substantial value and leverage to TM as a leading convergence provider.
He said the acceptance of this spectrum offer is aligned with TM’s future direction in the dynamic digital space, and the increased capacity will enable the company to provide seamless fixed and wireless access as well as content to its retail and enterprise customers wherever they may be.
“With our strong and extensive fibre infrastructure, the spectrum will enable future expansion of telecommunication services to customers, for an end-to-end converged experience.
“The allocation of the spectrum also allows TM to support the national agenda in delivering extensive telecommunications coverage with high service quality, especially through the Jalinan Digital Negara (JENDELA) and the Malaysian Digital Economy blueprint (MyDIGITAL),” he added.
Source: https://www.bernama.com/en/business/news.php?id=2051897