KUALA LUMPUR: Telekom Malaysia Bhd's (TM) subsidiary, Webe Digital Sdn Bhd, has accepted an offer for a 20 MHz spectrum block of the 2600 MHz spectrum band from Malaysian Communications and Multimedia Commission (MCMC).

In an exchange filing today, TM said the offer allows the telecommunication provider to enhance customer experience while supporting the national agenda in delivering extensive telecommunications coverage with high service quality, especially through the Jalinan Digital Negara (JENDELA) and the Malaysian Digital Economy blueprint (MyDIGITAL).

TM said the allocated block of 2575 MHz to 2595 MHz is effective from July 1, 2022, with a total applicable fee of RM37 million over five years.

The components would include an upfront fee of RM7.06 million and an annual fee of RM5.98 million to be paid by December 15, each year. 

Group chief executive officer Imri Mokhtar said the spectrum would provide substantial value and leverage to TM as a leading convergence provider.

"The increased capacity will enable TM to provide fixed and wireless access and content to its retail and enterprise customers at home, office or on the move."

"The acceptance of this spectrum offer is also aligned with our future direction in embarking into a dynamic digital space.

"With our strong and extensive fibre infrastructure, the spectrum will enable future expansion of telecommunication services to customers, for an end-to-end converged experience," he said.