"We have a very strong cash position and therefore, we will be able to support this project using our own resources but that will not stop us from looking at other means of getting funds to invest into this project," said Zamzamzairani Mohd Isa, Telekom Malaysia's group CEO.
is looking at its broadband operations to drive future growth as its fixed-line business is stagnating and after it spun off its mobile-phone assets in April last year.
Analysts had feared the fixed-line provider would run into financing difficulties with the financial crisis deepening.
was optimistic the current economic turmoil would not have a significant impact on earnings.
"[The impact will be] very minimal but neither are we expecting huge growth either.
It will be single-digit [revenue growth]," he
also expects its unit TM International to meet its April commitment to repay a 4.03 billion ringgit debt to the parent company, he
"There is no indication that they will not meet their commitment, so as far as we are concerned it's status quo," said Zamzamzairani