Axiata announces Capex fund for 2011

Telecom giant Axiata Group Bhd has announced that it has allotted RM3.2 billion for capital expenditures this year.  The amount is about the same as last year’s.  The chairman said that despite the hit the company took due to the strengthening of the ringgit against the dollar, first quarter revenue for 2011 is up about 3.3%, though pre-tax profits dipped slightly.

The Capex fund will be used primarily to shore up network capabilities and expand coverage through its subsidiaries Celcom Axiata Bhd and PT XL Axiata TBK.  Both need to upgrade their networds, and XL will also focus on expanding coverage for customers.  About 56% of Axiata’s business derives from outside Malaysia.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

 

 

Telecom giant Axiata Group Bhd has announced that it has allotted RM3.2 billion for capital expenditures this year.  The amount is about the same as last year’s.  The chairman said that despite the hit the company took due to the strengthening of the ringgit against the dollar, first quarter revenue for 2011 is up about 3.3%, though pre-tax profits dipped slightly. The Capex fund will be used primarily to shore up network capabilities and expand coverage through its subsidiaries Celcom Axiata Bhd and PT XL Axiata TBK.  Both need to upgrade their networds, and XL will also focus on expanding...

Telecom giant Axiata Group Bhd has announced that it has allotted RM3.2 billion for capital expenditures this year.  The amount is about the same as last year’s.  The chairman said that despite the hit the company took due to the strengthening of the ringgit against the dollar, first quarter revenue for 2011 is up about 3.3%, though pre-tax profits dipped slightly.

The Capex fund will be used primarily to shore up network capabilities and expand coverage through its subsidiaries Celcom Axiata Bhd and PT XL Axiata TBK.  Both need to upgrade their networds, and XL will also focus on expanding coverage for customers.  About 56% of Axiata’s business derives from outside Malaysia.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

 

 

NO COMMENTS

Leave a Reply