Forecast on fixed telecom services revenue in Malaysia

The total fixed telecommunications services revenue in Malaysia is forecast to grow at a compounded annual growth rate (CAGR) of 3.9 percent from $2.2 billion in 2019 to $2.6 billion in 2024, according to GlobalData.
Forecast on fixed telecom services revenue in Malaysia
The report projects robust growth in fiber-to-the-home (FTTH) subscriptions that yield higher average revenue per user (ARPUs) driving fixed broadband revenues.

Fixed broadband revenue in Malaysia is expected to grow at a CAGR of 7.7 percent over 2019-2024. Fixed voice services revenue in Malaysia will decline at a CAGR of 12.8 percent over 2019-2024 due to declining circuit-switched lines and falling fixed voice ARPU.

Fiber-optic will be the primary technology to deliver fixed broadband services in Malaysia during 2019-2024. This will be led by fiber-optic network expansions by operators and rising adoption of multi-play plans inclusive of fiber Internet, telephony, and pay-TV services.
Government’s National Fiberisation and Connectivity Plan (NFCP), aimed at improving fixed infrastructure in the country, would also support fiber-optic network expansion in Malaysia, Deepa Dhingra, telecom analyst at GlobalData, said.

Telekom Malaysia will lead the fixed voice segment during 2019-2024, on the back of its leading position in both the circuit-switched and voice over Internet protocol (VoIP) segments.

Telekom Malaysia will also lead the fixed broadband segment, driven by its focus on offering cost effective fiber broadband bundles to drive subscription base.