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Axiata Group Bhd (AXIA.KL)

AXIA.KL on Kuala Lumpur Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Axiata Group says unit to acquire 65 pct in Suvitech
Monday, 15 May 2017 06:52am EDT 

May 15 (Reuters) - Axiata Group Bhd ::Unit entered into SPA for acquisition of 65 percent of issued share capital of Suvitech Co., Ltd at consideration of up to USD11.05 million.Proposed acquisition will not have any material impact on earnings of Axiata Group for financial year ending 31 Dec 2017.  Full Article

Axiata Group clarifies on media report regarding a possible merger
Thursday, 23 Mar 2017 06:26am EDT 

Axiata Group Bhd : Refers to article published on star online on 18 march 2017 entitled "Tm-Axiata merger on cards?" ."Wishes to specifically deny that it is currently engaged in any discussions with TM on a possible merger".  Full Article

Singapore Press Holdings clarifies on article "M1's shareholders said to explore sale of Singaporean operator"
Friday, 17 Mar 2017 06:15am EDT 

Singapore Press Holdings Ltd : Refers to article published on Bloomberg news on 17 March entitled "M1's shareholders said to explore sale of Singaporean operator" . Co, Keppel Telecommunications & Transportation and Axiata Group Bhd are currently undertaking a strategic review in respect of their respective shareholdings in M1 LTD . Co, Keppel Telecommunications & Transportation and Axiata have jointly appointed Morgan Stanley Asia (Singapore) as financial adviser .No assurance any transaction will materialise from such strategic review or that any definitive or binding agreement will be reached.  Full Article

Axiata Group Bhd says Qtrly loss attributable 309.5 million rgt
Thursday, 23 Feb 2017 12:06am EST 

Axiata Group Bhd : Qtrly loss attributable 309.5 million rgt . Qtrly operating revenue 5.79 billion rgt . In 2017 "expect to see better performance especially at Celcom and XL" . "See currency volatility and global macroeconomic factors which had an overarching impact on profitability for FY16, start to stabilise in 2017" . "Have built in RM800 million Opex and Capex savings in our 2017 plan" . "Working towards RM1.5 billion additional savings in 2018 and 2019" . Board of directors declared a conservative final dividend under a single tier system of 3 sen per ordinary share of RM1 each in Axiata .Year ago revenue 5.36 billion rgt; year ago profit attributable 467.2 million rgt.  Full Article

Axiata group appoints Vivek Sood as CFO and extends contract of CEO Tan Sri Jamaludin Ibrahim
Friday, 3 Feb 2017 03:00am EST 

Axiata Group Bhd : Says appointment of vivek sood as CFO . Yap Wai Yip ceases as acting GCFO effective 3 april 2017 . contract of its managing director/president and group CEO, Tan Sri Jamaludin Ibrahim will be extended for a further 3 years from March 2017 Source http://bit.ly/2k8tcpM)(http://bit.ly/2koyLiA) Further company coverage: [AXIA.KL] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Digital Turbine partners with Axiata Digital
Wednesday, 1 Feb 2017 08:32am EST 

Digital Turbine Inc : Digital Turbine Partners with Axiata Digital on carrier billing platform integration . Announced a strategic partnership with Axiata Digital, unit of Axiata Group berhad . Digital Turbine Inc- launch of carrier billing platform integration is expected in first half of 2017 .Digital Turbine -will integrate carrier billing solution, pay with Axiata's mobile internet fulfillment exchange platform.  Full Article

Axiata's unit enters deals worth US$400 mln and US$200 mln
Wednesday, 18 Jan 2017 06:02am EST 

Axiata Group Bhd : Unit entered into share subscription deal between Edotco and Innovation Network Corporation of Japan for up to US$400.00 million .Unit also entered into share purchase agreement between Axiata and Mount Bintang Ventures Sdn. Bhd. For US$200.00 million.  Full Article

Axiata Group CFO Chari Thandalam Veeravalli Thirumala retires
Friday, 23 Dec 2016 04:40am EST 

Axiata Group Bhd : Change Of Chief Financial Officer .Chari Thandalam Veeravalli Thirumala retires as CFO.  Full Article

Bharti Airtel and Axiata announce completion of merger in Bangladesh
Wednesday, 16 Nov 2016 07:00am EST 

Bharti Airtel Ltd : Bharti Airtel Ltd says Airtel and Axiata announce completion of merger in Bangladesh .Bharti Airtel -post the merger, Axiata will hold 68.7% stake in the combined entity, while Airtel will hold 25%..  Full Article

Axiata says edotco Investments entered sale and purchase agreement with YSH Finance
Monday, 7 Nov 2016 06:16am EST 

Axiata Group Bhd : edotco investments entered into a sale and purchase agreement with ysh finance . deal for cash consideration of $35.0 million .deal involves acquisition of 250,000 ordinary shares in the share capital of edotco sg.  Full Article

More From Around the Web

BRIEF-Axiata Group inks deal with M&Y Asia Telecom and Mitsui & Co Ltd

* Axiata Investments (Cambodia) entered into a share purchase agreement with M&Y Asia Telecom Holdings Pte. Ltd. and Mitsui & Co., Ltd.