PETALING JAYA: Axiata Group Bhd’s operational resilience led to higher profit in the first half of 2021 and while it expects the same for the second half, it also hopes for a fast approval from the telecoms regulator to its proposal to merge its mobile unit with Digi. com Bhd. Axiata submitted its proposal for the merger of Celcom Axiata Bhd with Digi to the Malaysian Communications and Multimedia Commission and other authorities in July.“ We submitted in July and hopefully in due course we will

KUALA LUMPUR: edotco Group, a unit of Axiata Group Bhd, has announced the acquisition of about 1, 000 towers from XL Axiata in a deal valued at about 750 billion rupiah( RM219mil) through its subsidiary PT edotco Infrastruktur Indonesia.... Following the transaction, edotco will enjoy a truly pan-Indonesian platform with a presence across all the major islands of Java, Sumatra, Bali, Kalimantan, Sulawesi and Eastern Indonesia.... In the same statement, edotco chief executive officer Adlan Taju

In keeping with regulatory requirements, Axiata and other Malaysian institutional investors will own over 51% of the merged company.... Axiata's management does not expect to pay any special dividend on the back of the merger transaction, although this is subject to a board decision." As a holding company, Axiata relies on dividends from its subsidiaries and associates for servicing its debt.... The stable outlook could be pressured to the extent that these assumptions are inconsistent with th

KUALA LUMPUR: Telecommunication giant, Axiata Group Bhd( Axiata) and PT XL Axiata Tbk( XL Axiata) today completed the acquisition of the combined 66.03 per cent equity interest in PT Link Net Tbk( Link Net) for approximately RM2.63 billion. Following the completion of the acquisition, Axiata’s indirect wholly-owned subsidiary, Axiata Investments( Indonesia) Sdn Bhd, and XL Axiata will hold 46.03 per cent and 20.00 per cent stake respectively from the combined 66.03 per cent equity interest in Li

BARCELONA: SMS fraud, or" smishing", is on the rise in many countries, fuelled by the increasing use of smartphones. This is a challenge for telecom operators who are meeting at the Mobile World Congress( MWC), the sector's biggest annual gathering, in Barcelona this week. What is smishing?... Smishing is a cybersecurity attack carried out over mobile text messaging, also known as SMS phishing which target both individuals and corporations. The name is a play on the term" phishing", the fraudul

PETALING JAYA: The impact of Axiata Group Bhd’s trimming its stake in Indonesia-listed XL Axiata( XL) is expected to be minimal. The mobile telecommunications company will still own a controlling stake in XL once the deal is completed. Axiata had on Monday announced it would dispose of 533.4 million shares, representing a 5% equity interest, in XL to Ferrymount Investments( FIL) for 1, 440 billion rupiah( RM423. 5mil) or 2, 700 rupiah( 79 sen) per share. Axiata owns a 66.5% stake in XL. PublicIn

CLICK TO ENLARGEKUALA LUMPUR: Axiata Group Bhd has earmarked a higher capital expenditure( capex) of RM7. 1bil this year mainly to expand its mobile operation in Indonesia and Bangladesh. President and group CEO Datuk Izzaddin Idris expects Axiata’s Indonesia operation PT XL Axiata Tbk to be the group’s main revenue contributor as it bets on the country’s population size.“ Once we do the Celcom-Digi merger, Indonesia will be our core revenue base because we own a majority stake of 61% in XL.“ We

OSLO: Telenor and Alphabet Inc's Google Cloud have formed a partnership to digitalise the Norwegian telecom company's global operations and are exploring ways to jointly offer services to customers, the two companies said on Monday. The firms will not only use Google Cloud's services to boost Telenor's own IT and network, but also collaborate to provide Telenor's customers with digital tools, their respective chief executives told Reuters. Oslo-based Telenor serves 172 million customers with rou

By Reuters Staff1 Min ReadRABAT( Reuters)-Maroc Telecom, Morocco’s largest telecoms operator, on Tuesday, reported an adjusted profit of 2.83 billion dirhams($ 317 million) for the first half of this year, down 5.8% on the same period last year. Revenue also dropped 3% in the first six months this year to 17.78 billion dirhams due to lower mobile usage. Maroc Telecom said its customer base rose 7.5% to 74 million, citing growth at its African subsidiaries. Last year, the company rebranded all it

With Muhammad Yunus in charge, Bangladesh may see much-needed reforms and investment in its telecoms sector given the caretaker government leader's knowledge of the industry, according to one of the country's leading mobile operators. Yunus, who took over last Thursday, founded the Grameen Bank that won the 2006 Nobel Peace Prize for pioneering the microcredit movement.... He is also a stakeholder in Grameenphone, Bangladesh's leading telecom operator, jointly owned by Yunus' non-profit Grameen