KUALA LUMPUR (Feb 24): Telekom Malaysia Bhd (TM) will be investing between 14% and 18% of its annual revenue for the financial year ending Dec 31, 2021 (FY21) for capital expenditure (capex) purposes, said its chief executive officer Imri Mokhtar.

He is expecting flat to single-digit revenue growth for FY21, versus its unaudited FY20 revenue of RM10.84 billion. Pre-tax profit is expected to be more than RM1.6 billion, versus RM1.02 billion in FY20.