Malaysia telecom and pay-TV revenues to grow to $8.5b in 2028
An analyst said 5G will surpass 4G in 2026 driven by government and operator expansions.
The telecom and pay-TV services revenue in Malaysia is expected to grow at a compound annual growth rate of 1.9% from $7.7b in 2023 to $8.5b in 2028, analytics firm GlobalData said.
Mobile data service revenue will continue to grow driven by increasing data consumption over wireless networks and rising adoption of higher ARPU 5G service plans.
“5G subscriptions will increase at a rapid pace and surpass 4G in 2026, driven by network expansion initiatives by the government and operators. For instance, the government of Malaysia plans to expand 5G coverage to about 85% of the rural population across the country by 2024-end,” said Srikanth Vaidya, Telecom Analyst at GlobalData.
Fixed broadband service revenue will increase from $1.3b in 2023 to $1.7b in 2028, at a CAGR of 4.5%, driven by more adoption of higher-ARPU fibre services and growth in fixed wireless subscriptions.
According to Vaidya, fibre broadband subscriptions will also grow thanks to the growing demand for high-speed broadband connection along with the government and operators’ focus on fibre-optic network expansion in the country.
In contrast, mobile voice service revenue will decline with users increasingly shifting to OTT-based communication apps.
Fixed voice service revenue will also decline to $276m in 2028 due to continued losses in circuit-switched subscriptions and declining voice ARPU levels.
Moreover, the pay-TV service segment will steadily decline in subscriptions over the forecast period, due to subscription losses in the DTH and IPTV segments as a result of growing adoption of OTT video alternatives.
