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Axiata shares fall on RM2.16bil tax bill news

NEWS that Axiata Group Bhd and its unit in Nepal were being slapped with a whopping tax bill of 61 billion Nepalese rupees (RM2.16bil) sent the former’s share price heading south.


What’s next for Axiata?

IT was estimated that Axiata Group Bhd would have made RM1.8bil from the expected sale of its stake in Singapore telco player M1, enhancing its earnings in financial year 2018.


Malaysia's Axiata buys Nepal's Ncell for RM5.67bil

PETALING JAYA: While companies are holding tight to cash, Axiata Group Bhd is going against the grain with the purchase of Nepal’s No.1 mobile operator, Ncell Pte Ltd, for US$1.37bil (RM5.67bil).


Telecom giant Axiata not under any financial pressure to divest assets

PETALING JAYA: Axiata Group Bhd has no immediate plans to sell stakes in its prized assets in the region and will do so “only when the time and price is right”, a company official told StarBiz.


S&P ups Axiata credit rating, stable outlook

KUALA LUMPUR: Standard & Poor's Ratings Services has raised its long-term corporate credit rating on Axiata Group Bhd. to 'BBB+' from 'BBB'. The outlook is stable.


Axis can propel Axiata growth

THE proposed acquisition of PT Axis Telekom Indonesia (Axis) by Axiata Group Bhd’s subsidiary, PT XL Axiata Tbk (XL), in Indonesia will catapult the group into its next phase of growth in the highly-populated country.


Axiata to analyse impact of Vodafone-Idea merger

PETALING JAYA: Axiata Group Bhd, the regional telecommunications firm that is controlled by Khazanah Nasional Bhd, has been the subject of quite a bit of newsflow in the past few days.

Corporate News

Axiata gets nod to buy 80% of Nepal firm

KUALA LUMPUR: Axiata Group Bhd, which posted its highest ever revenue of nearly RM20bil in the financial year ended Dec 31, 2015 (FY15), has secured its shareholders’ approval to acquire an 80% stake in Nepal’s number one mobile operator, Ncell Pte Ltd, for US$1.365bil (RM5.67bil).


Positive market response to Axiata purchase of Ncell

PETALING JAYA: Axiata Group Bhd’s proposed acquisition of a 80% stake in Nepalese Ncell Pte Ltd for US$1.365bil (RM5.907bil) has received positive market response.


Axiata offers free mobile Wikipedia access throughout Asia

Axiata Group Bhd is offering Wikipedia on mobile devices free of data charges to Axiata customers throughout Asia under its partnership with the Wikimedia Foundation.