Listed on Bursa Malaysia, TIME dotCom Berhad provides 100% fibre optic-based broadband services to retail customers in Malaysia. It also has stakes in several international subsea cable systems and is present in the data centre business across Malaysia, Singapore, Thailand, and Vietnam.
I attended the company’s recent annual meeting to learn more about this company. Here are eight things I learned from the 2020 Time dotCom AGM.
1. TIME’s revenue increased 13.3% year-on-year to RM1.1 billion in 2019 primarily due to growth in its wholesale and retail segments. Cloud service providers are TIME’s significant clients according to executive director Afzal Abdul Rahim. Questions about the revenue contribution from these clients were asked but not disclosed. He added that TIME will have to pay more income tax in the future as the company has slowly used up its tax relief over the years.
2. TIME aims to reach one million premises ...