KUALA LUMPUR (Dec 18): CGS-CIMB Research has maintained its "Neutral" rating on the Malaysian telecommunications sector given the weak mobile and fixed revenue growth prospects.

In a note Dec 17, its analyst Foong Choong Chen said the mobile industry service revenue slid 4.1% year-on-year (y-o-y) (ex-wholesale: -1% y-o-y) in the third quarter of 2019 (3Q19) due to lower wholesale revenue, interconnection rate cut and tight competition.