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Axiata is also looking at options for its Indonesia ops
RHB Bank Bhd and Axiata Group Bhd will jointly apply to Bank Negara Malaysia for a digital banking licence under their proposed collaboration.
KUALA LUMPUR: Regional telecommunication company Axiata Group Bhd reported steady revenue and improved margins in the in the first quarter, despite stiff competition in key markets.
Group working towards ESG goals and targets
KUALA LUMPUR: Telecommunication giant, Axiata Group Bhd is confident that it will be able to raise its dividend payout to 20 sen per share by 2024, which translates to a payout of RM1.8 billion in cash for a capital base of nine billion shares.
It will invest RM247mil in ADA for a 23.07% stake
SoftBank Corp will invest RM250mil (US$60mil) in Axiata Group Bhd’s subsidiary ADA (held by Axiata Digital Services) and take up a 23.07% stake.
The new entity, Celcom Digi Bhd, will become the biggest player locally, with an estimated annual revenue of RM12.4bil and 19 million subscribers or about a 40% market share. How will this affect the local telco landscape?