Telekom Malaysia Bhd (TM) saw its shares drop 4.79% to RM7.75, with a total of 16.7 million shares traded as of 4.02 pm, reflecting investor caution amid the company’s ongoing 5G transition.
The stock opened at RM8.14, reached a high of RM8.19, and fell to a low of RM7.60 during the session.
The decline comes after TM announced a new Multi-Operator Core Network (MOCN) arrangement with U Mobile, marking a strategic shift from the single-network model. TM also exercised its right to terminate its 5G wholesale access agreement with Digital Nasional Berhad (DNB), in line with the Malaysian government’s dual 5G network framework designed to encourage infrastructure competition.
TM aims to leverage the MOCN model to enhance its “quad-play” offerings, integrating 5G more deeply across fixed, mobile, content, and smart services. The move is a key part of the Group’s “PWR 2030” strategy to transform into a digital powerhouse by 2030, optimising costs, service quality, and its role as Malaysia’s digital backbone.
Financially, TM posted revenue of RM3.26 billion for 4Q2025, up 6.8% year-on-year, while profit after tax fell to RM222 million. For the full year, revenue reached RM11.8 billion, with PATAMI of RM1.71 billion. In line with strong shareholder returns, TM declared a second interim dividend of 14.5 sen per share and a special dividend of 4 sen, bringing total FY2025 dividends to 31 sen per share, or approximately RM1.19 billion.
As TM enters 2026, CEO Amar Huzaimi Md Deris emphasised the Group’s focus on digitalisation and delivering integrated 5G solutions for consumers, SMEs, and large enterprises while streamlining operations for future growth.
