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Tag: axiata
XL Axiata buys Axis
2013-09-27 01:20:00| Telecompaper Headlines
(Telecompaper) Indonesian mobile operator XL Axiata has agreed to acquire competitor Axis Telekom Indonesia from Saudi Telecom Company (STC) and its subsidiary Teleglobal Investments. Under the agreement, Teleglobal will sell 95 percent of Axis' share capital for a cash consideration of USD 100. As part of the deal, XL will settle Axis' USD 865 million in debts. The company said that the consideration represents the enterprise value of Axis, on a cash free and debt free basis. A local Indonesian shareholder will hold the remaining 5 percent in Axis. XL said the acquisition would provide additional spectrum capacity, particularly in the 1800 MHz band, would boosts its subscriber base, and provides a stronger data focus and traction among the youthy segment. The acquisition is subject to regulatory approvals and is expected to close by 31 March 2014.
XL Axiata to buy Axis for $865m
2013-09-26 02:00:00| Total Telecom industry news
Combined Indonesian operators will boast 65 million customers.
Celcom Axiata, Altel to pool spectrum report
2013-07-05 02:00:00| Total Telecom industry news
Malaysian operators to combine 2.6-GHz frequencies to improve mobile broadband speeds.
Tags: report
pool
spectrum
celcom
XL Axiata, DTAC look to scale M2M ops
2013-06-21 02:00:00| Total Telecom industry news
Telcos on the hunt for partnerships in bid to extend services, expertise to new markets.
Axiata group sees profit grow 5%
2013-05-23 02:32:00| Telecompaper Headlines
(Telecompaper) Mobile operator group Axiata posted a first quarter net profit of MYR 675.2 million, up 4.7 percent from MYR 644.9 million in the year-ago period, mainly due to foreign exchange gains. Higher profit contribution in Sri Lanka and Bangladesh operations also brought back positive growth to the group. Revenues were up 5.5 percent to MYR 4.5 billion from MYR 4.2 billion in Q1 2012 as slower momentum in traditional revenues was cushioned by strong growth in data at Celcom and XL. EBITDA, however, dipped 2.4 percent to MYR 1.8 billion, due to higher costs associated with the push for data coverage expansion, especially at XL. EBITDA was also impacted following the introduction of SMS interconnection and price competition at XL which started in the second quarter 2012. The company's total mobile subscriber base grew 9.4 percent across the group to 219 million. For FY 2013, Axiata expects revenue growth of 7.6 percent and EBITDA growth of 0.2 percent.