Axiata targets more gains from capital expenditure

Axiata aimed to reduce its capex intensity for digital telco operation companies under its umbrella to below 20%.

PETALING JAYA: Axiata Group Bhd is seeking to optimise the intensity of its capital expenditure (capex), with the aim of deriving higher returns from its assets.

Following a meeting with the telecommunications conglomerate, Kenanga Research said, instead of growing network capex rapidly in the coming years, Axiata planned to keep it flat.