CYBERJAYA, September 7 (Bernama) -- Telecommunication service providers (telcos) will soon have to prepare separate wholesale and retail financials for their regulator in an effort to enhance industry transparency.
The release of a public inquiry paper today on the proposed Accounting Separation Framework and Implementation Plan is a major step forward by the Malaysian Communications and Multimedia Commission (MCMC) towards greater operational transparency for the industry.
"We believe that a robust accounting separation framework will propel the industry to a higher level of competition which, in the long run will benefit consumers," said MCMC Chairman Dato Mohamed Sharil Tarmizi.