KUALA LUMPUR Nov 27 Malaysia's largest mobile
phone operator Axiata Group Bhd posted a small rise in
third-quarter profit on Wednesday due to solid performance in
Sri Lanka, Bangladesh and Cambodia.
Profit in the July to September period rose 0.7 percent to
715.05 million ringgit ($222.03 million) from 709.92 million
ringgit in the same period a year ago, the company said.
The result beat one analyst's estimate of 661.16 million
ringgit, according to Thomson Reuters data.
The company, majority owned by state investor Khazanah
Nasional Bhd, said a sluggish performance in
Indonesia may put pressure on its business.
Axiata set up a separate infrastructure company in October,
in a move that is expected to result in the $500 million listing
of its 19,000 tower assets.
The company is working with CIMB Group Holdings Bhd
and Goldman Sachs Group Inc on the deal,
Reuters reported earlier in August.