Axiata to spend RM4.8bil to beef up data segment

Jamaludin says Axiata ‘will go big on data services and offerings.’

KUALA LUMPUR: Axiata Group Bhd, which reported a 3.4% year-on-year growth in net profit to RM595mil for its final quarter ended Dec 31, 2014, will spend a hefty RM4.8bil to mainly strengthen its data segment services and offerings this year.

The regional telecommunications player, with a market capitalisation of RM61.5bil, said the RM4.8bil was one of its highest annual capital expenditures to-date. It spent RM4.1bil out of the RM4.4bil allocated last year.