PETALING JAYA: Axiata Group Bhd
’s market consolidation efforts across Asia are starting to pay off, with “frontier markets” – Bangladesh, Sri Lanka and Cambodia – delivering double-digit earnings growth and higher average revenue per user (Arpu), even as losses at PT Link Net Tbk and Boost Holdings Bhd remain a drag.
Group chief executive officer and managing director Vivek Sood said Arpu in these markets has risen nearly 10% year-on-year, supported by improved market discipline following consolidation into three-player markets.
