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KUALA LUMPUR: Maxis Bhd is back on track to achieve RM10bil service revenue by 2023 with growth strategies in place despite the decline of wholesale revenue from the termination of the network sharing agreement in its first quarter (1Q19) financial results ended March 31, 2019.
PETALING JAYA: Maxis Bhd’s immediate business outlook is expected to remain challenging, as AmInvestment Bank Research cautioned investors to watch out for weaker earnings in the second half of financial year 2018.
AT end-June, Maxis completed a private placement of 300 million new shares or 4% of its total issued shares to institutional investors. At RM5.52 per share, the gross proceeds of RM1.66bil will be used for debt repayment.
KUALA LUMPUR: Foreign investors continued pulling out from Malaysia albeit at a slower momentum last week, according to MIDF Research.
PETALING JAYA: There could be some impact on Maxis Bhd’s revenue as a result of U Mobile Sdn Bhd’s termination of a network sharing agreement with the former related to the 3G radio access network (RAN), but more information will be needed before the full impact can be analysed.
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KUALA LUMPUR: The fourth-largest mobile operator U Mobile Sdn Bhd is terminating its network sharing and alliance agreement with Maxis Bhd which was signed in 2011.
AS a relatively young telco, U Mobile Sdn Bhd has developed a reputation as a wild card in the local mobile landscape which has long been dominated by three operators.
IT has been a very busy year for REDtone International Bhd and will continue that way for the current financial year ending May 31, 2015 (FY15) with big plans in place for the group.
PETALING JAYA: REDtone International Bhd’s net profit fell 48% year-on-year in the last quarter of its financial year 2014 (FY14) to RM7.91mil mainly due to lower data revenue.