Single-digit growth seen

TheStar Wed, Mar 22, 2023 12:00am - 2 months View Original

Most telecommunication companies delivered in-line results, with Axiata Group outperforming for the consecutive second quarter, RHB Research.

PETALING JAYA: A low single-digit growth is projected for companies in the telecommunications sector during financial year (FY) 2023 from stronger roaming and prepaid revenue led by higher migrant traffic.

Economic headwinds, however, would continue to temper industry average revenue per users (Arpu) with tactical promotions targeted at the lower-end/price-sensitive segment.

Industry mobile service revenue (MSR) grew 2.3% year-on-year (y-o-y) in 4Q22 (up 0.9% quarter-on-quarter (q-o-q), the strongest y-o-y growth since the pandemic (2022: up 1.3%).


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