Revenue improves to RM24.4 billion with Ebitda up 15.2% to RM9.2 billion.
Group-wide cost optimisation programme exceeds target to contribute RM960 million.
Focus is to transform the mindset of its 12,000 over employees to be digital first.
edotco already owns and operates 26,000 towers across six countries. Current acquisition, once approved, will see it become 8th largest tower company in the world.
Profit after tax was up 82.8% in 2Q 2017 to RM479.1 million from RM262 million in the previous quarter.
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
Axiata Digital Innovation Fund partners with Johor Corp to further drive Malaysia’s digital ambitions
ADIF’s purpose is to aid digital startups that are already revenue-generating operations requiring further support to grow in terms of funding, know-how and market access.
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.
2016 saw Digi jumped to pole position in total subscribers market share Surprisingly, Celcom is now just 0.2 percentage points behind Maxis in terms of postpaid subscribers market share
Regional telecommunications company Axiata Group Bhd's 2016 full year net profit dived 80% at RM657 million, mainly due to higher foreign exchange loss and poor performance by its Malaysian unit Celcom Axiata Bhd.