Axiata
{{short description|Malaysian multinational telecommunications company}}
{{update|date=June 2024}}
{{EngvarB|date=November 2016}}
{{Use dmy dates|date=December 2020}}
{{Infobox company
| name = Axiata Group Berhad
| former_name = TM International Berhad
{{small|(1992–2009)}}
| logo = Axiata Logo.svg
| type = Public
| traded_as = {{myx|6888}}
| ISIN = MYL6888OO001
| foundation = {{Start date and age|df=yes|1992|6|12}}
| key_people =
| areas_served = Malaysia,
Indonesia, Sri Lanka, Bangladesh & Cambodia
| industry = Telecommunications
| products = Mobile network, network infrastructure, digital internet
| revenue = {{loss}} RM24.203 billion (2020){{cite web|title=Axiata Group Berhad 2020 Annual Report|url=https://www.axiata.com/investors/2020/pdf/Axiata-IAR2020.pdf |website=Axiata |accessdate=15 July 2021|date=31 December 2020|archive-url=https://web.archive.org/web/20210715121818/https://www.axiata.com/investors/2020/pdf/Axiata-IAR2020.pdf|archive-date=15 July 2021|url-status=live}}
| operating_income = {{loss}} RM1.171 billion (2020)
| net_income = {{loss}} RM624.045 million (2020)
| assets = {{gain}} RM67.961 billion (2020)
| equity = {{gain}} RM23.879 billion (2020)
| num_employees = >25,000 (groupwide)
| owners = {{plainlist|
- Khazanah Nasional (36.74%)
- Permodalan Nasional Berhad (18.39%)
- Employees Provident Fund (17.03%)
}}
| divisions = Axiata Digital Labs
| subsid = {{plainlist|
- CelcomDigi (33.1%)
- XLSmart (34.8%)
- Dialog Axiata
- Robi
- Smart Axiata
}}
| location = Axiata Tower, 9 Jalan Stesen Sentral 5, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Malaysia
| homepage = {{URL|https://axiata.com}}
}}
Axiata Group Berhad (commonly known as Axiata, formerly known as TM International Berhad), is a Malaysian multinational telecommunications conglomerate with extensive operations in Asia.
The group
Axiata's primary business is investment holding and provisioning of telecommunication and consultancy services on an international scale. It mainly focuses on emerging markets in ASEAN and South Asia.{{cite news | url= http://www.financeasia.com/News/215771,axiata-moves-to-centralise-its-treasury.aspx | work= FinanceAsia | title= Axiata moves to centralise its treasury| date= 22 June 2010 | access-date= 28 June 2010}}
Formerly known as TM International Bhd (TMI), the company was incorporated on 12 June 1992 and was the mobile and international operations arm of Telekom Malaysia Bhd (TM).{{cite news | url= http://biz.thestar.com.my/news/story.asp?file=/2008/4/12/business/20935233&sec=business | work= The Star | title= TM International to list on 28 April| date= 12 April 2008 | access-date= 28 June 2010}} Following the de-merger of TMI from TM, the company was listed on the Main Board of Bursa Malaysia Securities Berhad in 2008. On 2 April 2009, TMI underwent a rebranding exercise, launching its new name, Axiata, and a new logo.{{cite news | url= http://biz.thestar.com.my/news/story.asp?file=/2009/4/3/business/3621132&sec=business | work= The Star | title= TMI unveils new name but limits itself to Asia | date= 3 April 2009 | access-date= 28 June 2010}}
Its new tagline, Advancing Asia, was also launched, reflecting the company's focus on expansion within Asia.
Axiata controls interests in mobile operators across Malaysia, Indonesia, Sri Lanka, Bangladesh and Cambodia.{{Cite web|url=https://axiata.com/mroom/news-article/132/|title=Axiata Group – One of Asia's largest telecommunications groups|last=Axiata|website=axiata.com|language=en|access-date=2017-01-18|archive-url=https://web.archive.org/web/20170118222934/https://axiata.com/mroom/news-article/132/|archive-date=18 January 2017|url-status=dead}} The Group also has stakes in non-mobile telecommunication operations in Thailand and Pakistan.{{cite news | url= http://axiata.listedcompany.com/newsroom/AXIATA270510a.pdf | work= Corporate Communications, Group Strategy, Axiata Group Berhad | title= Axiata Delivers Another Strong Performance into 2010 with 1Q PATAMI of RM921 million | date= 27 May 2010 | access-date= 28 June 2010 | archive-url= https://web.archive.org/web/20110812025552/http://axiata.listedcompany.com/newsroom/AXIATA270510a.pdf | archive-date= 12 August 2011 | url-status= live }}
Their Board of Directors includes:
- Tan Sri Shahril Ridza Ridzuan - Chairman, Independent Non-Executive Director
- Vivek Sood - Group Chief Executive Officer and Managing Director
- Dr Hans Wijayasuriya - Group Executive Director and Chief Executive Officer of Telecommunications Business
- Dato Dr Nik Ramlah Nik Mahmood - Senior Independent Non-Executive Director
- Dr David Robert Dean - Independent Non-Executive Director
- Khoo Gaik Bee - Independent Non-Executive Director
- Maya Hari - Independent Non-Executive Director
- Amrit Kaur - Independent Non-Executive Director
- Thayaparan S Sangarapillai - Independent Non-Executive Director
- Dr Farid Mohamed Sani - Non-Independent Non-Executive Director, Representative of Khazanah Nasional Berhad
- Shahin Farouque Jammal Ahmad - Non-Independent Non-Executive Director, Representative of Permodalan Nasional Berhad{{cite web |title=Meet The Team - Board of Directors |url=https://www.axiata.com/our-business/board-of-directors |access-date=17 October 2024 |website=Axiata}}
- Mohamad Hafiz Kassim - Non-Independent Non-Executive Director, Representative of Employees Provident Fund
Subsidiary holdings
On their website in 2019, it was announced that Axiata had approximately 150 million subscribers across Asia and Group revenue of MYR25.3 billion (US$5.77 billion) in 2018.{{Cite web|url=https://axiata.com/mroom/news-article/143/|title=Axiata Group – One of Asia's largest telecommunications groups|last=Axiata|website=axiata.com|language=en|access-date=2017-01-18|archive-date=22 March 2019|archive-url=https://web.archive.org/web/20190322085443/https://axiata.com/mroom/news-article/143/|url-status=dead}} It was also reported that the company employed 12,000 people throughout eleven countries.
Axiata's mobile subsidiaries and associates operate under the brand name 'CelcomDigi' in Malaysia, 'XL' in Indonesia, 'Dialog' in Sri Lanka, 'Robi' in Bangladesh, and 'Smart' in Cambodia. The company formerly operated under the brand name 'Ncell' in Nepal (acquisition from TeliaSonera completed on 12 April 2016{{Cite web|title = TeliaSonera quits nepal, Ncell sold to Malaysian Telco group Axiata for 1.03Bil USD • TechSansar.com|url = http://techsansar.com/tech-news/teliasonera-sells-nepal-ncell-axiata/|website = TechSansar.com|publisher = TechSansar|access-date = 2015-12-21|language = en-US}}), 'M1' in Singapore, and 'Idea' in India.
| class="wikitable" |
| style="width:25%;"|Country
! Company ! Ownership ! |
|---|
| {{rh}} |{{BGD}}
| 61.82% | |
| {{rh}} |{{KHM}}
| 72.48% | |
| {{rh}} |{{IDN}}
| PT XLSmart Telecom Sejahtera Tbk | 34.80% | |
| {{rh}} |{{MYS}}
| 33.1% | |
| {{rh}} |{{LKA}}
| 73.75% | |
On 4 January 2018, Bloomberg reported that Axiata was planning a domestic IPO of its tower subsidiary edotco.{{Cite news|url=http://www.straitstimes.com/business/wireless-carrier-axiatas-unit-may-seek-kl-listing|title=Wireless carrier Axiata's unit may seek KL listing|date=2018-01-05|work=The Straits Times|access-date=2018-01-06}} The IPO was expected to raise as much as $500 million.
On 15 February 2019, Axiata sold off its entire shares in 'M1' to Konnectivity Pte Ltd for RM1.65 billion, citing the need for capital reallocation and new priorities in line with its vision to be the Next Generation Digital Champion by 2022.{{Cite web|url=https://www.nst.com.my/business/2019/02/460549/axiata-disposed-its-unit-m1-ltd-rm165-bil|title = Axiata disposed its unit, M1 Ltd for RM1.65 bil | New Straits Times|date = 15 February 2019}}
On 21 June 2021, Axiata, Telenor and Digi agreed to a potential merger of Celcom and Digi to create a stronger telco in Malaysia, coming after advanced discussions that took place two months earlier. The merger was expected to be completed by the end of 2022.{{cite web |title=Axiata, Telenor and Digi Sign Transaction Agreements for the Proposed Merger of Celcom and Digi |url=https://www.axiata.com/media/news/axiata-telenor-and-digi-sign-transaction-agreements-proposed-merger-celcom-and-digi |website=Axiata |access-date=21 June 2021 |date=21 June 2021}}{{cite web |title=Axiata and Telenor in Advanced Discussions to Merge Celcom and Digi |url=https://www.axiata.com/media/news/axiata-and-telenor-advanced-discussions-merge-celcom-and-digi |website=Axiata |access-date=21 June 2021 |date=8 April 2021}}{{cite web |title=Axiata, Telenor, Digi sign agreements to merge Malaysian mobile ops |url=https://www.thestar.com.my/business/business-news/2021/06/21/axiata-telenor-digi-sign-agreements-to-merge-malaysian-mobile-ops |website=The Star |access-date=21 June 2021 |date=21 June 2021}} The deal was approved by both Celcom and Digi shareholders on 18 November 2022. The merged company would be named CelcomDigi. At completion, Axiata and Telenor would hold equal ownership of 33.1% each in the newly merged company. The merger completed on 30 November 2022, and the new company began operations the next day.{{Cite web|url=https://www.thestar.com.my/business/business-news/2022/11/18/axiata-shareholders-approve-proposed-celcom-digi-merger|title=Axiata shareholders approve proposed Celcom-Digi merger|website=The Star}}{{Cite web|url=https://www.thestar.com.my/business/business-news/2022/11/18/digi-gets-shareholders039-green-light-for-proposed-merger-with-celcom|title=Digi gets shareholders' green light for proposed merger with Celcom|website=The Star}}{{Cite web|url=https://www.nst.com.my/business/2022/12/856517/axiata-telenor-complete-celcom-digi-merger|title=Axiata, Telenor complete Celcom-Digi merger | New Straits Times|date=1 December 2022|website=NST Online}}{{Cite web|url=https://theedgemalaysia.com/article/axiata-telenor-announce-completion-celcomdigi-merger|title=Axiata, Telenor announce completion of Celcom-Digi merger|website=The Edge Malaysia}}{{Cite web|url=https://finance.yahoo.com/news/axiata-telenor-announce-successful-completion-101900485.html|title=Axiata and Telenor Announce the Successful Completion of the Celcom and Digi Merger|date=30 November 2022|website=Yahoo Finance}}{{Cite web|url=https://www.telenor.com/media/newsroom/announcement/historic-merger-marks-new-chapter-in-malaysias-digitalisation-journey-we-are-in-pole-position/|title=Historic merger marks new chapter in Malaysia's digitalisation journey - Telenor Group|website=www.telenor.com}}
On 1 December 2023, the United Kingdom-based Spectrlite UK Limited acquired 100 percent ownership of Reynolds Holdings Limited from Axiata UK of Axiata Group Berhad. Reynolds owns an 80 percent equity stake in Ncell.{{Cite web|url=https://www.nepalitelecom.com/ncell-sold-to-spectrlite-uk|title=Spectrlite UK Buys Axiata's Ncell Shares for $50 Million|date=1 December 2023}}
Competitors
Axiata Group meets main competitors across the Indonesian market (Telkomsel). In 2019, Axiata held second place in Indonesia.{{Cite web|url=https://selular.id/2019/04/empat-tahun-menahkodai-xl-apa-yang-sudah-ditorehkan-dian-siswarini/|title=Empat Tahun Menahkodai XL, Apa Yang Sudah Ditorehkan Dian Siswarini?|first=Uday|last=Rayana|date=15 April 2019}} In Bangladesh, Axiata (Robi) also held second place, and the main competitor was Telenor (Grameenphone).
References
{{Reflist}}
External links
- {{Official website|www.axiata.com}}
{{Axiata Group}}
{{FTSE Bursa Malaysia KLCI constituents}}
{{authority control}}
Category:Malaysian companies established in 1992
Category:2008 initial public offerings
Category:Government-owned companies of Malaysia
Category:Companies listed on Bursa Malaysia
Category:Telecommunications companies of Malaysia
Category:Telecommunications companies established in 1992
Category:Mobile phone companies of Malaysia
Category:Multinational companies headquartered in Malaysia
Category:Companies based in Kuala Lumpur