Axiata to unlock more value in digital services

KUALA LUMPUR: Axiata Group Bhd is expected to realise more value in its digital services as it continues on its growth path, en route to achieving its aspirational targets by 2024.

Following a briefing at the telco's Analyst & Investor Day, TA Securities Research said in a note that Axiata's Digital Services (ADS) has done well this year with 9MFY21 revenue more than doubling to RM643mil while net losses narrowed 60% to RM97mil thanks to higher revenue from digital analytics unit ADA and lower marketing expense from digital financial services arm Boost.