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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Axiata , telco , Boost , ADA , Axiata 5.0

   

Next In Business News

Oil gains 1% on hopes of firmer demand
JPMorgan investors weigh CEO Dimon’s strategy, succession plan
Muhibbah rides on Cambodian tourism uptick
Feytech gears up for expansion to meet growing demand
Ready to rise up the ranks again
SC working overtime to combat spread of scams
Russia and Malaysia sign tax agreement
MGB ACHIEVES 23% PROFIT SURGE IN 1Q24
GDP up 4.2% in 1Q24
Chinese firms invest in ‘green’ jet fuel

Others Also Read