Communications, multimedia industry remains sustainable in challenging pandemic era

KUALA LUMPUR: MCMC said the adverse effects of the pandemic on the industry were cushioned by the launch of the National Digital Infrastructure Plan (JENDELA) in August last year, which aimed to improve the nation's digital infrastructure and connectivity.

It said last year, the telecommunications sector's market cap had increased by 0.3 per cent to RM134.42 billion.

During the same period, the postal and courier sector's market cap also recorded impressive growth, rising by 19.9 per cent to RM3.25 billion.

"On the other hand, the broadcasting sector continues to face pressure in 2020 due to the more cautious attitude of advertisers during the pandemic period as well as the cancellation of several major sporting events such as the Tokyo Olympics and the UEFA Europa League.

"Competition among Over the Top (OTT) players also affected the sector, and these factors saw the sector's market cap declining by 27.4 per cent to RM5.29 billion in 2020," it said.

Meanwhile, Pay TV subscriptions increased by 3.1 per cent to 7.34 million in 2020 from 7.12 million subscriptions in 2019, as a result of increased subscriptions to Internet Protocol Television (IPTV) services.

The full report is available at https://www.mcmc.gov.my/skmmgovmy/media/General/pdf/MCMC-IPR_2020.pdf.

-- BERNAMA