Despite turning a healthy net profit of RM3.76 million on the back of RM160.93 million revenue for the financial year ended December 31, 2004, Nasioncom did not declare any dividend to its shareholders.
“Unbundling of the local loop or “last mile” has long been seen as a key trigger that will spark a surge of supply by new service providers to fill broadband demand, at price consumers are willing to pay.”
Besides its natural riches, Malaysian soil is also re-splendent with another commodity — vast lengths of communication fibre straddling the nation. However, while our natural resources are consumed voraciously, the underground communication fibre network lies largely bereft of users.
Confronted by a situation that faces many countries goaded by consultants to dig and lay fibre as a national imperative, the nation is now awash in fibre while a little more than just 1% of Malaysian consumers have broadband access.
Read more at TheEdgeDaily
Telekom has redoubled efforts to grow its broadband business, in view of the stagnation in the fixed-line segment. Subscribers to Streamyx have grown exponentially in the past two to three years, to some 296,000 by end-1Q05. With penetration rate still very low, this may well be an important growth driver in the future — even if more competitors enter the market.




