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Axiata weighing bid for PT Axis Indonesia
2013-05-22 21:01:20| Telecom - Topix.net
HONG KONG: Axiata Group Bhd, Malaysia's largest mobile-phone operator, is evaluating a bid for PT Axis Telekom Indonesia, three people with knowledge of the matter said.
Tags: bid
indonesia
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weighing
XL Axiata mulls bid for Axis - report
2013-05-22 11:26:00| Telecompaper Headlines
(Telecompaper) Malaysia-based Axiata Group is evaluating a bid for Axis Telekom Indonesia, writes Bloomberg citing three people with knowledge of the matter. Any offer for Axis would be made by Axiata's Indonesian unit, XL Axiata, the people said. Purchasing the Indonesian carrier would give XL Axiata additional spectrum for expansion, one person said. Faridah Hashim, a spokeswoman for Axiata, declined to comment. Saudi Telecom owns 84 percent of Axis, while Maxis holds the remainder.
XL Axiata Q1 profit drops 53%
2013-05-01 02:00:00| Total Telecom industry news
Indonesian telco saw 21% jump in operating expenses.
XL Axiata targets 8%-9% growth in 2013 revenue
2013-04-11 02:00:00| Total Telecom industry news
Indonesian operator to invest up to $900 million in mobile network expansion this year.
Tags: growth
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growth targets
Axiata boosts dividends after strong 2012
2013-02-21 10:18:00| Telecompaper Headlines
(Telecompaper) Asia operator Axiata announced plans to nearly double its dividend payments for 2012 after a strong performance from its mobile subsidiaries. Revenues rose 7.3 percent to MYR 17.7 billion and were up 11.7 percent when excluding the forex impact. The growth came from Celcom in Malaysia, where sales rose 7%, XL in Indonesia (+15%), Dialog in Sri Lanka (+15%) and Robi in Bangladesh (+27%). EBITDA increased 4.2 percent to MYR 7.4 billion, while the margin was down 1.2 percent points amid investments in network roll-out to meet the demand for data services. Margins were also impacted following the introduction of SMS interconnection at XL. Net profit rose 7.1 percent to MYR 2.5 billion, helped by a strong contribution from its stake in Indian operator Idea Cellular. Axiata said it will increase its dividend pay-out to 70 percent of net profit from 60 percent, resulting in a final dividend of MYR 0.23 per share. It will also pay a special dividend of MYR 0.12 per share, worth in total MYR 1 billion. The combined total is over MYR 3 billion in dividends for 2012, versus MYR 1.6 billion in 2011.
Tags: strong
dividends
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strong boosts