je.st
news
Tag: axiata
Axiata to acquire 80% stake in Ncell for USD 1.3 bln
2015-12-21 09:33:00| Telecompaper Headlines
(Telecompaper) Malaysia-based Axiata Group has agreed to buy Nepalese mobile operator Ncell from TeliaSonera. Axiata thus expands its regional footprint, entering the Nepalese market. Through its subsidiary Axiata Investments (UK), Axiata has entered into a conditional agreement with TeliaSonera and SEA Telecom Investments for the 100 percent acquisition of Reynolds Holdings for USD 1.365 billion. This provides Axiata with an 80 percent equity interest and controlling stake in Ncell.
Axiata agrees $1.4bn acquisition of TeliaSonera's Nepal arm
2015-12-21 01:00:00| Total Telecom industry news
Sale in line with Swedish telco's plan to exit Eurasia, focus on Europe.
Tags: arm
acquisition
nepal
agrees
Axiata Group profit jumps 45.9% boosted by tower gains at XL
2015-11-27 13:13:00| Telecompaper Headlines
(Telecompaper) Axiata Group saw its revenue increase by 7.6 percent quarter-on-quarter to MYR 5.1 billion in the third quarter of 2015. EBITDA was up 8.7 percent to MYR 1.9 billion, and profit after taxation and minority interests (PATAMI) jumped 45.9 percent to MYR 891 million. PATAMI growth was mainly driven by one-off tower gains at XL1 and foreign exchange gains, the company said.
Axiata revenue, EBITDA lower in Q2 on 'challenging' markets
2015-08-20 09:53:00| Telecompaper Headlines
(Telecompaper) Asian mobile operator Axiata reported second-quarter revenue down 0.5 percent year-on-year to MYR 4.707 billion, while EBITDA declined 1.6 percent to MYR 1.715 billion. Net profit increased 34.2 percent to MYR 611 million and was down 2.7 percent to MYR 617 million after adjusting for one-time items. Axiata said it had a challenging first half to the year as expected, with revenue declines in its largest markets Malaysia and Indonesia not offset by growth in Bangladesh, Sri Lanka and Cambodia. Adjusted for currency effects, revenue fell 3.5 percent year-on-year in Q2 and EBITDA was down 4.6 percent, hurt by the weaker ringgit. The company said it did some small signs of improvement, with Celcom in Malaysia returning to net subscriber growth and quarterly growth in sales and EBITDA in Indonesia. Capital expenditure jumped 61.5 percent year-on-year to MYR 1.194 billion in Q2, or 25.4 percent or revenue, led by mobile data expansion in Bangladesh and Cambodia, while operating cash flow fell 66.8 percent to MYR 244 million. Net debt was stable at 1.25 times EBITDA, and Axiata had MYR 5.447 billion in cash at the end of the period. Axiata said it will remain challenging to reach its full-year targets of 4 percent growth in revenue and EBITDA, amid currency risks in Malaysia and Indonesia and increased competition in Malaysia and Bangladesh. It maintained its target for annual capex of MYR 4.8 billion.
Tags: lower
markets
revenue
challenging
FreedomPop attracts Asian investor Axiata
2015-07-30 13:16:00| Telecompaper Headlines
(Telecompaper) US MVNO FreedomPop announced another USD 6 million in financing, including a new investment from Asian mobile operator Axiata. A month ago FreedomPop announced a USD 30 million, Series B round led by Partech Ventures. The latest investment includes USD 6 million of new funding, plus USD 4 million that was ring-fenced in the USD 30 million round, Multichannel reports. In total, FreedomPop has raised about USD 58 million. The company announced earlier plans to launch in the UK and other European markets and now plans to work with Axiata to bring its 'freemium' model to Asia. FreedomPop offers a small amount of mobile data free to customers, who can then add additional paid services. FreemdomPop said that Axiata's investment "comes with a major commercial partnership that will help take FreedomPop to a whole new level globally, not only by extending our reach, but by expanding how we work with carriers around the world". The company is in similar partnership talks with other major global carriers, it said.
Tags: asian
investor
attracts
axiata