Axiata’s ADA Announces RM250 million Investment from SoftBank Corp.
Kuala Lumpur, 11 May 2021: Axiata Group Berhad’s subsidiary ADA (held by Axiata Digital Services) today announced the formation of an alliance with SoftBank Corp. (SoftBank). Under the agreement, SoftBank will invest approximately RM250 million (USD60 million) in ADA with the ambition to expand and accelerate the Group’s analytics, data and AI digital marketing business […]
Axiata and Telenor in Advanced Discussions to Merge Celcom and Digi
Kuala Lumpur, 8 April 2021 – Axiata Group Berhad (“Axiata”) and Telenor Asia (“Telenor”) (together “Parties”) are in advanced discussions on the merger of the telco operations of Celcom Axiata Berhad (“Celcom”) and Digi.com Berhad (“Digi”) (“MergeCo”), in which the Parties will have equal ownership estimated at 33.1 percent each. Axiata together with Malaysian institutional […]
Appointment of Tan Sri Jamaludin Ibrahim and Bapak Gita Irawan Wirjawan as select members of the Axiata Advisory Panel
Kuala Lumpur, March 5, 2021 – Given the global extent of Axiata Group Berhad’s (“Axiata” or “the Group”) expanding operations set against the increasingly complex business and geopolitical environment, the Axiata Board has recently approved the establishment of the Axiata Advisory Panel (“AAP”). The AAP, in complementing the value, skillsets and experience of the Board, […]
Credible Performance in Challenging Year
Key Highlights for FY 2020 Resilient performance in a challenging pandemic year: Revenue (ex-device) dropped 1%1 , with EBITDA margin expansion of 0.8 ppt to 44.0%, on the back of opex savings of RM745 million Underlying PATAMI at RM865 million: Group PATAMI declined to RM365.2 million on a reported basis. Lower one-off gains in 2020 […]