Telekom Malaysia inks deal with Time dotCom for SKR1M cable

MalaysiaThe Star — KUALA LUMPUR: Telekom Malaysia Bhd has signed a construction and maintenance agreement with a unit of TIME dotCom Bhd for a new submarine cable system, Sistem Kabel Rakyat 1 Malaysia (SKR1M).  SKR1M will link Peninsular Malaysia with Sabah and Sarawak and it will use the latest 100Gbps wavelength technology with initial capacity of 4 Terabit per second (Tbps) and upgradeable to a minimum of 12.8Tbps. It is a two fibre pair cable system with an estimated total length of 3,500 km.

TIME dotCom Q2 2015 revenue up 5.2%

MalaysiaDigital News Asia — TIME dotCom Bhd posted revenue of RM163.8 million for the three months ended June 30 2015, 5.2% higher than the previous year’s corresponding period of RM155.7 million. [RM1 = US$0.24] In a statement, the company attributed this to strong overall revenue contributions from its data, data centre and voice products, despite lower contributions from global bandwidth sales and non-recurring contracts.

TIME dotCom’s 2Q net profit jumps 7 times to RM315.43m on fair value gain

MalaysiaThe Edge Markets — KUALA LUMPUR: TIME dotCom Bhd’s net profit for the second quarter ended June 30, 2015 (2QFY15) jumped seven times to RM315.43 million or 54.97 sen per share, largely on a fair value gain of RM274 million from the disposal of a portion of its quoted equity investments. The telecommunications provider’s net profit in the previous corresponding quarter came in at RM44 million or 7.68 sen per share.

Time dotCom to raise RM1b Sukuk to expand fibre footprint, from KL

MalaysiaThe Star — KUALA LUMPUR: Time dotCom Bhd plans to raise RM1bil under its proposed Sukuk programme 2015-2035 which would be used to expand its fibre footprint and for other operations. RAM Ratings said on Tuesday it had assigned a preliminary rating of AA3/Stable to the Islamic medium-term notes (MTN) programme.