Thursday, June 21, 2018
TM shares tumble after broadband price cut announcement
At the opening bell, TM opened two sen lower at RM3.61.
Yesterday, Communications and Multimedia Minister Gobind Singh Deo said the price adjustment followed implementation of the Mandatory Standard on Access Pricing from June 8 this year.
“The relevant parties are now in discussions on setting the wholesale price and processes which are expected to be rolled out in July or August, during which cheaper broadband packages will be offered to consumers,” he said.
He added that discussions would also be held among telcos on whether rebates are to be given to customers. — Bernama
At 10.05am, shares of the telecommunications giant sank 35 sen or 9.64 per cent to RM3.28 from yesterday's close of RM3.63 with 22.14 million shares changing hands.
Posted by wikisabah at 2:04:00 PM