Focus is to transform the mindset of its 12,000 over employees to be digital first.
Spanish company further strengthens its expansion strategy in the Asia Pacific region.
Smart to provide loan facility of US$1.5 million, acquire a 30% equity stake in Sabay.
Startup is an investee company of Intres Capital Partners via its maiden venture capital fund, Axiata Digital Innovation Fund.
Partnership with Asian telecommunications group comes from its lead investment in Unlockd’s Series B round.
Post-transaction, Axiata will hold 82.5% stake in Smart The deal meets Axiata Group's portfolio management strategy, proceeds intended for general corporate purposes and repayment of existing debt
The worst is expected to be over for Celcom Axiata Bhd, and its CEO Michael Kuehner has a plan to turn the company around. Goh Thean Eu writes.
edotco now has the advantage of funding flexibility as well as the balance sheet capacity to continue to grow the business confidently and capitalise on potential acquisition opportunities
Axiata is determined that its Malaysian subsidiary Celcom will not be affected by the smaller portion of spectrum it is being allocated under a refarming exercise, despite the fact that it will have to spend more on capital expenditure.
Axiata Group posted a 7.8% growth in net profit for the financial year ended Dec 31, 2015, partly helped by forex gains and strong performances from its Sri Lankan, Cambodian and Indian units.