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Tag: axiata

Retail Asia02/02/2017
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Telecom

XL Axiata swings back to profit in FY16

2min0
Indonesia’s XL Axiata swung back to a 376 billion rupiah ($28.1 million) profit in 2016, as the company benefited from its $250 million tower sale and a stronger rupiah. The sale of 2,500 telecoms towers to local tower operator Protelindo, announced in March, helped the operator recover from a 25 billion rupiah loss the year […]
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Retail Asia20/01/2017
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Telecom

Axiata to sell 34.1% of tower unit for $600m

2min0
Malaysia’s Axiata Group has arranged to sell a 34.1% stake in its wholly-owned telecommunications infrastructure services division edotco Group for $600 million. The operator will place $400 million worth of primary shares with Innovation Network Corporation of Japan, and $200 million in secondary shares with Khazana Nasional Berhad. The placement is expected to close by […]
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Retail Asia30/11/2016
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Telecom

Smart Axiata deploys SMS spam filtering suite

2min0
Cambodia’s Smart Axiata announced it has deployed an SMS spam filtering and A2P SMS monetization platform from 365squared for its more than 8 million customers. The operator is using the 365secure service to continuously monitor and filer SMS traffic from any source on a round-the-clock basis. The service is designed to detect and block fraudulent […]
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Retail Asia28/11/2016
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Telecom

Axiata Group 9M16 revenue grows 8.6%

3min0
Malaysia-based Axiata Group has reported an 8.6% growth in revenue for the first nine months of the year, due in part to strong growth from the South Asia region. Total revenue reached 15.8 billion ringgit ($3.55 billion), with ebitda up 13.4% to 6 billion ringgit. But net profit slumped 55.7% to 929 million ringgit due […]
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Retail Asia15/11/2016
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Telecom

Dialog Axiata revenue grows 19% in 9M16

1min0
Sri Lanka’s Dialog Axiata has reported a 19% increase in revenue for the first nine months of the year to 64 billion rupees ($430.9 million) as a result of a temporary suspension of value-added tax (VAT) and strong growth momentum across the operator’s business. Net profit for the period grew 71% to 7.8 billion rupees […]
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Retail Asia14/10/2016
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Telecom

Axiata has no plans to downsize regional operations

2min0
Axiata Group has no plans to downsize its operations in any of its eight markets, according to CEO Jamaludin Ibrahim. Last months, reports suggested that the company is considering selling stakes in its Indonesian, Cambodian and Sri Lankan operations, leading to speculation that the company may seek to exit the markets. But Kamaludin said Axiata […]
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Retail Asia13/10/2016
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Telecom

Indonesia’s Indosat Ooredoo & XL Axiata Suspected of Cartel Practices

3min0
Indonesia’s Business Competition Supervisory Commission (KPPU) has ordered telecommunication operators Indosat Ooredoo and XL Axiata to provide more details concerning the establishment of their joint venture One Indonesia Synergy. The KPPU suspects that both companies are involved in cartel practices, more specifically the companies are suspected to have breached Law No. 5/1999 on the Ban […]
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Retail Asia08/09/2016
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Telecom

Axiata may lift stake in Singapore’s M1

1min0
Malaysia’s Axiata Group is considering increasing its stake in Singapore’s M1 as a strategic investment. Axiata CEO Tan Sri Jamaludin Ibrahim told that the company would “seriously consider” lifting its stake in M1 “if the price is right”. Axiata is already M1’s largest shareholder with a 28.5% stake. M1’s second largest shareholder Keppel Corp’s parent company […]
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Retail Asia15/07/2016
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Telecom

Axiata details major organizational revamp

3min0
Malaysia’s Axiata group has announced a major organizational and management shake-up across its group of companies, with the reshuffling or appointment of multiple new top executives. The company has embarked on a transformation as part of its strategy of executing its succession plan and strengthening its ability to manage an entity that has grown to […]
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Retail Asia22/06/2016
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Telecom

Mobitel, Dialog Axiata trial 1Gbps+ 4.5G

2min0
In a South Asia first, Sri Lanka’s Mobitel and Dialog Axiata have each completed successful trials of 4.5G technology capable of speeds of over 1Gbps. Mobitel announced it has tested a technology it calls LTE-A Pro at the operator’s test lab. The operator partnered with Huawei and ZTE to test LTE-A technology capable of using a […]
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Retail Asia26/05/2016
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Telecom

Axiata Q1 profit falls 37% on rising costs

2min0
Malaysia-based Axiata Group has reported a 37% slump in net profit for the first quarter ending in March, due in part to higher capex, financing and depreciation costs. Net profit fell to 368 million ringgit ($90.1 million) despite a 5.4% year-on-year increase in revenue to 5 billion ringgit. Axiata’s domestic subsidiary Celcom Axiata had what […]
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Retail Asia25/04/2016
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Telecom

XL Axiata swings back to profit in Q1

2min0
Indonesia’s XL Axiata swung back to a net profit for the first quarter during what CEO Dian Siswarini said was a “promising start to 2016.” The operator reported a net profit of 20 billion rupiah ($1.5 million) during the period, which compares to a loss of 758 billion rupiah in the same quarter last year. […]
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Retail Asia12/04/2016
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Telecom

Axiata Group buys Nepal’s Ncell for $1.36b

2min0
Malaysia-based Axiata Group has entered the Nepal telecoms market with the acquisition of the nation’s largest mobile operator Ncell. Axiata has paid $1.36 billion for an effective 80% stake in Ncell from previous owners TeliaSonera UTA Holdings and Reynolds Holdings’ SEA Telecom Investments. Local partner Sunivera Capital Ventures will retain a 20% direct stake in […]
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Retail Asia23/03/2016
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Telecom

Ericsson wins 4G network deal from XL Axiata

3min0
Swedish telecom gear maker Ericsson said that it has signed a three-year contract with Indonesian telco XL Axiata for design and implementation of 4G/LTE network and upgrade of existing 2G and 3G networks in Jakarta and Central Java. The agreement includes all hardware, software and services to deliver 4G/LTE services for XL Axiata’s subscribers. “We […]
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Retail Asia29/08/2015
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Telecom

Axiata buys Komli Media’s SEA operations for $11.25m

3min
Malaysian telecommunications group Axiata Group Bhd has acquired the Southeast Asian operations of Komli Media, a digital advertising firm, for $11.25 million. In an announcement on Bursa Malaysia, the group said its subsidiary Adknowledge reached an agreement with Komli Asia for the acquisition. The business being acquired include, Mumbai-headquartered Komli Media’s operations in the Southeast […]
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Retail Asia23/08/2015
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Telecom

Malaysia’s Axiata Boosted by Overseas Business

6min
Malaysia’s Axiata says profits rose sharply in the second quarter, thanks to contributions from various overseas interests, and claims to have seen improvements in the markets of Malaysia and Indonesia, where it has been struggling amid fierce competition. Through its various subsidiaries and affiliates, Axiata Group Berhad serves about 260 million mobile subscribers in Asia, […]
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