Communications and Multimedia (C&M) industry worth RM 144 billion on Bursa, says MCMC

The Malaysian communications and multimedia industry (C&M) has achieved an overall market capitalisation of RM 144.01 billion (8.4 percent) of total market capitalisation of Bursa Malaysia.

The Malaysian Communications and Multimedia Commission (MCMC) said RM134.01 billion came from the telecommunications sector, RM7.29 billion from the broadcasting sector and RM2.71 billion from the postal and courier sector.

The total value achieved also marked an increase RM 6.28 billion or 4.56 percent from RM 137.73 million in 2018.

Furthermore, for the telecommunications sector CAPEX, or Capital Expenditure, in 2019, the recorded expenditure value was RM4.6 billion. From that amount, RM2.97 billion was used for mobile services CAPEX, while the balance of RM1.63 billion was for fixed services CAPEX.

According to MCMC, most of the CAPEX was used to upgrade the mobile and fibre optic networks to increase network capacity and quality to enable the telecommunications sector to give the best service to customers.

“As regulator of the multimedia and communications industry – through initiatives such as NFCP and 5G – we are determined to ensure that societies in Malaysia continue to remain connected and are able to reap the benefits of high-quality connectivity,” says MCMC Chairman, Al-Ishsal Ishak.

“As the world confronts the Covid-19 pandemic, let us not forget that technology and telecommunications have been the foundation on which economies and lives continue to move forward even in the most unprecedented times,” he added.

LEAVE A REPLY

Please enter your comment!
Please enter your name here