29 Dec 2022
TM's decision to exit menara KL concession
Telekom Malaysia Berhad ("TM" or "the Group") wishes to clarify that Menara KL ("MKL" or "Tower") is owned by the Government while the operations and maintenance of the tower is granted under a concession. TM via its wholly owned subsidiary, Menara Kuala Lumpur Sdn. Bhd. (MKLSB) had undertaken the concession since 1996.
As part of its business transformation programme, TM is focusing its efforts and resources on strengthening its core business of telecommunications and technology. After due consideration on the change in the business nature of MKL, from telecommunications services to tourism and hospitality, TM has decided in October 2021 not to renew the MKL concession and informed the Government accordingly.
Subsequently in 2022, the selection process of the new Concessionaire was then taken up by the Government upon which TM was informed on the appointed company to take over the shares of MKLSB and the MKL concession. MKLSB shall continue to operate the concession and ensure the continuity of MKL operations for the Malaysian public, including international visitors.
Employees will remain employed with MKLSB under the new Concessionaire for a minimum period of 3 years. This is to ensure their welfare is protected in this transition.
In TM’s 3Q 2022 financial announcement to Bursa Malaysia, a reference was made in the subsequent changes to shareholding in MKLSB.
TM practices good governance and transparency in our business undertakings to preserve the interest of our customers and stakeholders. TM will provide our full cooperation and disclosures as required by the authorities.
Building on our commitment to enable a Digital Malaysia, TM will continue to deliver the best telco and technology services for the community, businesses, Government and industry.
YOU MAY ALSO LIKE
TM Strengthens National Talent Pipeline with RM25 Million through Yayasan TM Future Leaders Scholarships 2025
KUALA LUMPUR, 11 August 2025 – Telekom Malaysia Berhad (“TM” or “the Group”), through its foundation arm Yayasan TM (YTM), has awarded RM25 million in scholarships under the Yayasan TM Future Leaders Scholarship 2025, reaffirming the Group’s steadfast commitment to nurturing talent, supporting education and nation building. The scholarships will support students pursuing strategic fields including Engineering, Information Technology, Computer Science and Analytical Economics at TM’s wholly owned Multimedia University (MMU), local public universities (IPTA), as well as leading institutions in the United Kingdom, Australia, Japan, and Singapore. Amar Huzaimi Md Deris, Group Chief Executive Officer of TM and Deputy Chairman of Yayasan TM said, “At TM, we are committed to exemplifying how success and greater purpose can go hand in hand, as demonstrated by the positive impact we create for our communities and the nation. Through this scholarship, we are enabling the next generation of leaders who will drive innovation, create meaningful change, and empower Malaysia’s digital future. We are proud to support their journey as we move together towards our aspiration of becoming a Digital Powerhouse by 2030.” The 2025 scholarship cycle for Sijil Pelajaran Malaysia (SPM) leavers attracted more than 10,300 applications nationwide, a reflection of the programme’s growing reach and reputation. Applicants went through a rigorous, transparent selection process which included stringent academic screening, online aptitude and competency tests, and final interviews conducted by Behavioural Event Interview (BEI)-certified panels. The recipients were celebrated at a presentation ceremony held recently at Dewan Tun Canselor, Multimedia University (MMU), Cyberjaya, attended by esteemed parents, TM and MMU leaders, and a representative from the Ministry of Higher Education. Ainol Shaharina Sahar, Director of Yayasan TM remarked, “We are proud to welcome these bright young minds into the YTM family. Beyond financial sponsorship, the Future Leaders recipients will also embark on a comprehensive, end-to-end development programme designed to shape holistic and well-rounded individuals, while equipping them with future-ready skills, both in digital proficiency and employability. We believe these young talents will go on to lead, inspire, and make a meaningful difference for Malaysia’s future.” Since its inception in 1994, Yayasan TM has supported more than 18,000 students through various education initiatives, with total investments of more than RM650 million to date. Through these efforts, TM continues to contribute towards building a stronger digital talent ecosystem while supporting equitable access to education. Applications for the next undergraduate intake (September 2025) will open soon for students with a minimum CGPA of 3.5 who demonstrate academic brilliance, leadership traits and active co-curricular involvement. Details will be available via Yayasan TM’s official social media channels and website at https://ytm.tm.com.my.
TM INKS AGREEMENT WITH MALAYSIAN GOVERNMENT TO DELIVER NATION’S NEXT GENERATION EMERGENCY SERVICES 999 (NG999)
KUALA LUMPUR, 1 JULY 2024 – TM and the Government of Malaysia today signed an agreement to develop and operate the nation’s new emergency response system, the Next Generation Emergency Services 999 (NG999). This will serve as a replacement for the existing MERS999. Witnessed by Deputy Minister of Communications, YB Teo Nie Ching, the agreement was signed by the Secretary General of the Ministry of Communications, Datuk Mohamad Fauzi Md Isa and TM One's Executive Vice President, Shazurawati Abd Karim. Also in attendance was TM’s Group Chief Executive Officer (“Group CEO”) Amar Huzaimi Md Deris. NG999 is an integrated strategic digital system that will enhance the sharing of resources and data between emergency responders and relevant central agencies. The new system will integrate web-based digital maps, caller IDs, geolocation services and mobile smart apps into emergency incident handling, helping to improve emergency response time nationwide. Amar Huzaimi Md Deris, TM’s Group CEO said, “TM is honoured to be given opportunity to continue as the trusted partner by the Malaysian Government, advocating the success of Malaysia’s emergency services. NG999 is an initiative to upgrade the existing MERS999, delivering more efficient and swifter emergency responses in the future. “TM’s comprehensive role will cover network and platform infrastructure, call management, and other support services, allowing us to provide continuous efficacy to the public and emergency responders. This opportunity to revitalise our emergency services is another milestone in TM’s commitment towards Digital Malaysia by leveraging the advancement of AI, reflecting our aspiration to become a Digital Powerhouse by 2030.” Malaysia’s emergency responses have transformed significantly driven by the growing use of mobile and smart devices. The implementation of Malaysia’s world class NG999 system follows the latest international best practices such as the European Emergency Number Association’s NG112 and the National Emergency Number Association’s NG911 in North America. NG999 will also leverage advanced technologies including data analytics and AI to deliver swifter and more effective emergency responses. This ensures that in critical moments, emergency responders can make every second count. Tapping into the experiences of various Government and law enforcement agencies, emergency dispatchers and TM, the enhancement to the nation’s emergency call services is not just a technology upgrade but a reaffirmation of TM’s commitment to serve the nation. Aligning with the country’s increasing mobile usage, TM will introduce a new mobile app for NG999 that enables updates through text, photos and videos for registered users. This will enhance communications between callers and emergency responders, helping the latter in their tactical deployment.
TM Q3 PERFORMANCE IMPROVES ON STRONGER EXECUTION DISCIPLINE
KUALA LUMPUR, 24 November 2025 – Telekom Malaysia Berhad (“TM” or “The Group”) today announced its financial results for the first nine months of 2025 ended 30 September 2025 (YTD 2025), recording a Profit After Tax and Non-Controlling Interests (PATAMI) of RM1.49 billion, up compared to the same period last year. At the same time, the Group registered PATAMI of RM686.3 million in Q3 2025 compared to RM465.1 million in Q3 2024. The higher PATAMI reflects the Group’s execution discipline, coupled with one-off items recognised during the quarter. Group revenue grew 2.6% to RM2.99 billion in Q3 2025 compared to corresponding quarter last year, with Earnings before Interest and Tax (EBIT) rose 12.9%, to RM619.8 million, reflecting improved product and services margin, productivity gains and disciplined cost management. Amar Huzaimi Md Deris, Group Chief Executive Officer TM said, “TM’s stronger third-quarter results underscore our momentum in transformation and new growth areas. The improved performance reflects our consistent focus on execution discipline and commitment towards value creation. We are executing our strategy with vigour, solidifying our core business, scaling up our sovereign data centre and cloud infrastructure for growth, while embedding AI across our operations to drive long-term competitive advantage. As we move into the final quarter, our priority is to ensure growth in profitability whilst continue to invest strategically in future-ready infrastructure that will catalyse the nation’s digital economy, driving inclusivity for all. This is in line with our aspiration of becoming a Digital Powerhouse by 2030 while positioning Malaysia as the digital hub for ASEAN,” Amar added. Revenue-generating Investments and Value Creation Capital expenditure stood at 14.9% of revenue, within the Group’s full-year guidance, reflecting disciplined execution in strategic investments. The expansion of its data centres in the Klang Valley and Iskandar Puteri has progressed into operational phase with 20 MW additional capacity now available, reinforcing Malaysia’s position as a regional hub for hyperscalers and cloud service providers. Together with improved asset utilisation and earnings performance, these disciplined investments have translated into the highest Return on Invested Capital (ROIC) to date of 13.5%. The improved ROIC has contributed positively towards value creation for all stakeholders. Overall, TM maintains a positive outlook for the remainder of 2025.
NEWSLETTER
Just drop your details and stay updated with the world of Telekom Malaysia. We promise – no spam!