Group CEO says potential collaboration between TM and Starlink opens up avenues for novel retail ventures.
A collaboration between TM and Starlink will allow both entities to tap into a broader consumer base by providing cutting-edge connectivity solutions, says TM group CEO Amar Huzaimi Deris.
“This would allow both entities to tap into a broader consumer base by providing cutting-edge connectivity solutions,” he added. Starlink is a plan by SpaceX to put 12,000 satellites into low earth orbit offering high-speed, low-latency, cheap internet access to anyone anywhere on the planet.Meanwhile, TM posted its highest quarterly earnings since Q4 FY2011 when it recorded a 50% rise in net profit of RM568.7 in its second quarter ended June 30 from RM378.1 million in the same period last year.
The company declared a higher interim dividend of 9.5 sen per share from nine sen previously, to be paid on Sept 29. Moving forward, TM plans to lead sector expansion by embracing digital transformation and concentrating on projects that yield significant outcomes.
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