Telekom Malaysia Berhad (TM), with its telecommunications business growing in Asian countries, now plans more investments in India and Indonesia this year. As part of its new international investment plan, TM has adopted a twopronged strategy to study new commercial opportunities in Asia and strengthen positions in existing markets.

TM will give particular focus on the dynamic economies of Indochina [India, Indonesia and China], as the company thinks these markets have great growth potential in the telecommunications sector. Apart from managing investment in boom markets such as India and Indonesia, two of the fastest growing mobile markets in the world, the company is also formulating a strategy to consolidate existing investment portfolio throughout the Asia.

TM subsidiaries are eager to inject more funds into marketing activities and rolling out innovative products and services in highgrowth markets such as Indonesia, Bangladesh, Sri Lanka and Cambodia.

The TM recently announced a regional mobile subscriber base of 26.5 million as at endSeptember 2006, up 63 percent from the same period last year. The company also stated that it had increased its capital expenditure for its international operations and spent more than $400 million in the first nine months of 2006.