Celcom Axiata and Digi merger completes
30 November 2022
Axiata Group Berhad, Telenor Asia Pte Ltd, and Digi.com Berhad have announced the completion of the merger of the telco operations of Celcom Axiata Berhad and Digi. With this, Axiata and Telenor will both hold equal ownership in Celcom Digi at 33.1% each.
On completion, Axiata received newly issued Digi shares representing 33.10% of the enlarged share capital of Digi, and a cash consideration of RM2.5 billion funded by Digi and to be assumed by the merged entity.Find out more
Mitratel forecasts double-digit revenue growth
07 November 2022
Dayamitra Telekomunikasi (Mitratel) forecasts double-digit growth in revenue and profitability in 2022 after acquiring 6,000 towers from Telkomsel in the third quarter.
President director Theodorus Ardi Hartoko said that EBITDA is expected to continue to increase in line with large co-location growth opportunities.Find out more
04 November 2022
Bharti Airtel has reported profit and revenue gains in its fiscal second quarter of 2023 (ending 30 September), driven by ARPU growth in its India operations as it added post-paid and data users.
Gopal Vittal, MD and CEO for India and South Asia, noted that the operator was bullish on the prospects for 5G to deliver innovation to the nation, but remains concerned about a low return on capital employed the business delivers due to pricing that is the lowest in the world.Find out more
03 November 2022
Chunghwa Telecom attributed an increase in mobile revenue during the third quarter of the year to growth in post-paid users and ARPU, along with an ongoing migration to 5G services.
Chairman and CEO Sheikh Chi-Mau stated the company beat all its proposed guidance measures, driven by “strong fundamentals in the face of an uncertain macroeconomy.”Find out more