Maxis posts strong 1Q net profit of RM353mil

KUALA LUMPUR: Maxis Bhd is guiding for a low single-digit increase in service revenue in 2024 while earnings before interest, tax, depreciation and amortisation (Ebitda) is expected to remain unchanged.

In comments accompanying its 1QFY24 results, the telco said capex spending for the year ending Dec 31, 2024, is also expected to remain less than RM1bil, discounting any potential financial impact for 5G.