PETALING JAYA: Celcom Axiata Bhd, whose earnings grew 11.7% in the first half of the year, is unfazed by increasing competition between Malaysian mobile network operators (MNO) following the shelved merger talks between Axiata Bhd and Digi.com Bhd’s parent company Telenor.
“A competitive market is good and we hope it remains at a healthy and sustainable level. If the market is overly competitive, it might not be healthy in the long term, as telcos need to reinvest in their network,” said Celcom CEO Idham Nawawi (pix) at the company’s results briefing today.
Celcom reported a profit after tax and amortisation (PATAMI) of RM365 million in the first half of 2019, an 11.7% increase from RM327 million recorded in the same period last year, due to savings from continuous cost optimisation, partly negated by higher cost from network expansion.
Total revenue for the period, however, fell 7.9% to RM3.33 billion from RM3.61 billion previously, attributed to the revision of wholesale rates.
Meanwhile, mobile services revenue dropped 4.1% to RM2.89 billion from RM3.02 billion.
source https://www.thesundaily.my/business/celcom-axiata-s-1h-earnings-up-11-7-unfazed-by-rising-competition-NY1364528
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