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KUALA LUMPUR, Aug 27 — Axiata Group Bhd’s net profit jumped to RM 277.76 million for the second quarter (Q2) ended June 30, 2021 compared to RM80.02 million a year ago mainly due to higher top line, lower finance costs on the back of lower borrowings and lower taxes incurred during the quarter....
RHB Bank, Axiata team up to spur nation’s growth
Axiata, RHB seek Malaysia banking clearance - Mobile World Live 02 JUN 2021 Axiata Group and RHB Banking Group teamed to apply for a digital banking licence in Malaysia, seeking to increase competitiveness, and accelerate the country’s digital transformation and financial inclusion goals. The operator’s Boost Holdings e-wallet subsidiary and RHB will form a consortium under a framework issued by Bank Negara Malaysia, with a 60:40 ownership split. Axiata and RHB stated they aim to expand Boost Holding’s fintech experience developed through Aspirasi, a digital micro-financing and -insura...
Axiata Group and Telenor Asia revealed on Thursday (April 8, 2021) that they’ve revisted and confirmed their merger plans involving Celcom and Digi. At present, the deal is in advanced discussions. Malaysian telecoms company Axiata Group Bhd and Norway-based Telenor ASA will be focused on merging their Malaysia-based mobile business operations. Both firms stated that they had been planning the merger of the telco operations of Celcom Axiata Berhad and Digi.Com Bhd. As part of the deal, both companies will have equal ownership (at around 33% for each company). As first reported by Reute...