The case filed against Malaysian tycoon and Maxis owner T. Ananda Krishnan by India's Central Bureau of Investigations (CBI) has no impact on the Malaysian telecommunications industry, says the Deputy Minister of Information, Communications and Culture Datuk Joseph Salang.
He said Malaysian authorities would not conduct any investigation against the tycoon.
"At the moment it's only an investigation (by India's CBI). There will be no investigation on the Malaysian side as we have been very transparent in how we manage our telecommunication industry," he told reporters after opening the Communications and Connectivity Futures 2011 forum on behalf of Information, Communications and Culture Minister Datuk Seri Rais Yatim.
Earlier, in his speech, Rais said through the National Broadband Initiative, the country achieved a household broadband penetration rate of almost 61.5 per cent and aimed to increase the figure to 75 per cent by end-2015. However, there were several challenges that needed to be addressed in furthering the broadband ambition.
"Given the already intense competition in the market, there is a
degree of uncertainty surrounding future broadband revenue streams among operators and providers of application and content.
"As the digital world evolved we need to adapt to this new world order and continuously strive towards broadband objective and industry growth," he added.
The government, having migrated from owning telecommunications network to industry regulation and facilitation, will seek a more balanced approach to regulation that ensured consumer welfare while simultaneously guarding the sector's efficiency and long-term sustainability.
As for operators, Rais said there was a need to diversify revenue streams by seeking scale in their provision of access services and capturing larger share of application and content providers' revenue.
- Business Times
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