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Axiata's H1 revenue declines 2.3% on MYR 400 mln COVID-19 impact

2020-08-28 09:37:00| Telecompaper Headlines

(Telecompaper) Axiata Group reported revenue of MYR 11.8 billion for the first half of 2020, which represents a decline of 2.3 percent year-to-date, mainly due to the negative impacts of the COVID-19 pandemic containment measures implemented across the group. Axiata Group estimated a COVID-19 revenue impact of MYR 400 million in the first half of 2020, mainly from distribution shutdowns and outlet closures during stringent movement controls, preventing subscribers from accessing prepaid reloads as well as the provision of free data and bonus recharge to customers.

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