RM1.3b capex for Celcom

KUALA LUMPUR: Data network provider Celcom Axiata Bhd has allocated about RM1.3bil as capital expenditure (capex) this year, with the bulk of it to be used for upgrades and network expansion.

Chief executive officer Michael Kuehner said the capex would also be used to accelerate digitisation, which was ongoing since last year, to enhance customers’ experience.

“We are allocating lower capex in 2018 (2017: RM1.4bil-RM1.5bil) because last year, we needed a momentous push in the market and also to establish more base networks.

“For this year, we will focus on enhancing the base layer established, and the lower capex is sufficient,” he told a media briefing, live-streamed from Nusajaya, Johor.

In announcing Celcom’s fourth-quarter (Q4) financial results, Kuehner said service revenue increased 2.5% to RM1.56bil and total revenue rose 7.4% to RM1.77bil quarter-on-quarter. — Bernama