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Axiata allocates RM6.8bil for capex in 2019

KUALA LUMPUR (Bernama) : Axiata Group Bhd is allocating RM6.8bil in capital expenditure (capex), mainly to modernise the group's network and towers expansion.

Axiata president and group chief executive officer Tan Sri Jamaludin Ibrahim

Axiata posts net losses of RM1.66b in Q4, RM5b for FY18

KUALA LUMPUR: Axiata Group Bhd posted net losses of RM1.66bil the fourth quarter ended Dec 31, 2018 and its biggest losses ever of RM5.03b in FY18 due to depreciation, impairments and higher operating costs.

Samsung announces folding phone with 5G - at US$1,980

SAN FRANCISCO: Samsung Electronics Co Ltd on said on Wednesday it will release a folding smartphone in April that works with the next-generation 5G networks and will cost almost $2,000, a move to entice consumers to upgrade their phones.

The Galaxy Fold will go on sale on April 26, Samsung officials said at an event in San Francisco. The device will have a 4.6-inch (11.7 cm) display while folded and a 7.3-inch (18.5 cm) display when unfolded

Axiata to take hit for future punch

PETALING JAYA: Over a RM1bil additional write-off can be expected to be added to Axiata Group Bhd’s 2018 full-year financial results, which is likely to see the regional company making a total technical impairment of about RM5bil.

Axiata is expected to report a lower set of financial results this Friday, as it has also been hit by forex translation losses and write-offs, said an industry exective.

Rift between US, European carriers on Huawei issue

WASHINGTON: A group representing top US mobile service providers disagreed with European counterparts over alleged security threats from Chinese equipment maker Huawei Technologies Co ahead of a conference that will highlight a US-Europe divide on the issue.

Chinese politburo member Yang Jiechi was up next on the same stage, and said his country’s law doesn’t require companies to collect intelligence.  Yang urged Europeans to consider whether the US had their interests at heart, or its own.

Maxis appoints Ogut as CEO

PETALING JAYA: Maxis Bhd has appointed Gökhan Ogut (pic) as chief executive officer (CEO), effective on May 1.

In a statement, Maxis said Ogut(pic), who was appointed as the chief operating officer of Maxis on Sept 1, 2018, was taking over from Robert Nason, who is currently the interim CEO of Maxis. Ogut will be reporting to the chairman and the board.

Maxis names Gökhan Ogut CEO

KUALA LUMPUR: Maxis Bhd has appointed Gökhan Ogut as chief executive officer (CEO) to take office on May 1, 2019.

Axiata’s sale of M1 stake will lower debt, S&P says

KUALA LUMPUR: Axiata Group Bhd’s sale of its ts 28.67% stake in Singapore's M1 Ltd has improved its financial headroom and the sale proceeds will help cut debt, S&P Global Ratings says in a report.