Maxis sees EPS boost from TimeCel purchase

MAXIS Communications Bhd, which formally completed its RM1.47bil acquisition of TimeCel Sdn Bhd on Wednesday, expects the latter to enhance its group earnings per share (EPS) by between 10 and 15 sen annually from next year. 

This would translate into additional net profit of RM245mil to RM368mil a year, based on its current outstanding share capital of 2.45 billion shares, Maxis chief executive officer Datuk Jamaludin Ibrahim told reporters in Kuala Lumpur yesterday.