Malaysia Telecoms Industry: A Thriving Market Amidst Slow 5G Advancements and Mergers


Idem Est Research & Advisory

7 August 2023, 16:00 AEST

Key Highlights from the Malaysia Telecoms Industry Report:

The Malaysian telecommunications industry continues to flourish, driven by significant developments and investments in mobile and fixed-line services. According to the latest Malaysia Telecoms Industry Report by Idem Est Research, the market is characterized by three large network operators, a dominant fixed-line provider, and robust economic fundamentals, despite political uncertainties.

Key Highlights from the Report:

Celcom-Digi Merger: The merger of Celcom and Digi has been successfully completed, creating the largest telecommunications operator in Malaysia. More rational pricing should improve margins for CelcomDigi and the rest of the mobile industry before 5G ramping up.

5G Rollout: Malaysia’s unique journey towards 5G is underway, with 61% of the country already covered by a single wholesale 5G network, carried out by Digital Nasional Berhad (DNB), a wholesale government monopoly. A competing 5G network is also on the card, bringing uncertainty to the market.

Mobile Subscribers and Revenue: The mobile market continues to experience robust growth, driven by population expansion and the transition to postpaid subscriptions. Idem Est Research predicts 40 million 5G subscribers by 2030, indicating a promising future for mobile services.

Advancing Broadband Infrastructure: The implementation of the FTTH (Fiber-to-the-Home) footprint is on track to reach 8 million premises by 2023 and 9 million by 2025. This achievement signifies significant progress in providing high-speed internet services to a growing number of households and businesses.

Expanding Broadband Subscribers: Fixed broadband subscriptions are on the rise, supported by healthy competition among industry players like TIME, Celcom, Maxis, and CelcomDigi. The Malaysian government’s Jendela initiative aims to provide full-fibre networks to 98% of the population by the end of 2025, fostering further growth in the broadband sector.

Telecom Tower Infrastructure Boost: With an estimated 44,700 towers in 2022, the telecom tower infrastructure sector is witnessing growth. Companies like edotco, the infrastructure arm of Axiata, lead the market, with other mobile operators also playing significant roles. Possible consolidation of towercos in the future is anticipated to improve industry efficiency and implementation speed.

Promising Investment Opportunities: Infrastructure funds, pension funds, and government funds are showing increasing interest in telecommunications infrastructure assets such as mobile towers, data centres, submarine cables, and fibre infrastructure. The report sheds light on real market examples and valuation benchmarks in this domain.

“As the telecoms industry in Malaysia embraces technological advancements and strategic mergers, we anticipate a dynamic and competitive market landscape with more mergers and acquisitions in the short to medium term” said Landry Fevre at Idem Est Research. “However, with the potential 5G rollout, expanding broadband access, and evolving investment opportunities, the future of Malaysia’s telecoms sector requires more certainty from the government.”

The Malaysia Telecoms Industry Report by Idem Est Research provides comprehensive insights into the current market landscape, future projections, and key factors shaping the industry. For more details, access the full report on the Idem Est Research website.

“Idem Est Research forecasts that mobile subscribers will reach 45 million by 2030, while the fixed broadband market will continue to increase fibre penetration into more households, with over two-thirds of households on plans over 100Mbps. The telecommunications industry is expected to maintain revenue growth momentum, with an average growth rate of 1.7% from 2023 to 2030,” says Landry Fevre, Director of Idem Est Research & Advisory.

Idem Est Research and Advisory’s report on the Malaysia telecom market serves as a valuable resource for industry stakeholders, investors, and policymakers looking to gain a comprehensive understanding of the sector. The analysis highlights the immense potential and opportunities for both local and international players to contribute to the development and innovation of the telecommunications industry in Malaysia.


Allo, Altel, Astro, Axiata, Celcom, CelcomDigi, Digi, edotco, Maxis, OCK, REDtone, Sacofa, Telekom Malaysia, TIME dotCom, Usaha Tegas, U Mobile, ViewQuest and YTL

Download the full report:

About Idem Est Research Advisory
Idem Est Research and Advisory is a boutique telecommunications and digital infrastructure market research and advisory. Idem Est Research provides leading telecoms research helping our clients stay updated on the latest telecoms sector and digital infrastructure developments. The reports provide analyses of mobile and broadband markets, capital expenditure, forecasts, key telecom trends and thematic such as 5G and telecoms digital infrastructure, as well as other statistics of the telco industry.

Our independent approach allows us to place the trends and drivers fully into context and analyse the industry from different, unbiased perspectives. Alongside the facts and figures, Idem Est Research draws on three decades of experience to provide incisive commentary and analysis. This brings visibility to the business drivers, challenges, decision-making and future direction of the telecoms sector.
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Contact Information:
For media inquiries, please contact:
Landry Fevre

SOURCE: Idem Est Research & Advisory

This release was published on openPR

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