Topic
59 stories in this topic
Malaysia’s Axiata Group is said to be seeking buyers for stakes in its Asian telecoms assets worth up to $700 million as part of efforts to reduce debt. The group may sell around 11% of Indonesia’s XL Axiata and up to 30% each of Sri Lanka’s Dialog Axiata and…
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…
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…
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…
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…
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…
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…
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…
The Indonesian mobile operator XL Axiata has revealed that the ongoing phased rollout of 1800MHz 4G LTEservices will target a commercial launch in Bandung, West Java by the end of the month, followed soon after by Jakarta in November, after the company…
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…
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.…
