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TM still the king of infrastructure in Malaysia because they own the fiber network that everyone else needs to rent. Even if other telcos fight hard, Telekom Malaysia stay chilling collect steady recurring revenue from the backend.
TM basically hold the whole country by the neck since everyone must pay them toll to use the fiber cables. Even if other telcos war so hard, TM just sit back and huat steadily from all that rental money.
TM is basically printing money because they own the entire infrastructure backbone that every other telco has to rent. Whether you like it or not, every data packet crossing the country is just another toll fee landing straight into their pockets.