Malaysia’s largest cellco by subscribers Maxis has posted a 58% year-on-year fall in fourth-quarter net income to MYR378.0 million (USD121.9 million) on higher operating costs and taxes, while revenues rose by 1.8% to MYR2.31 billion in the three months ended 31 December 2012. For the full year, net profit fell 26.5% to MYR1.86 billion, as device spending and other costs rose, on revenues which crept up by 1.9% to MYR8.97 billion. The slight rise in sales was in line with total subscribers increasing by 1.6% in 2012 to 12.9 million at the end of December, in a ‘competitive, highly penetrated and fast maturing market,’ according to Maxis’ statement. It added that its total combined mobile internet and wireless broadband service users surpassed eight million at the end of the year. Approximately MYR430 million of Maxis’ total revenues in 2012 were accounted for by its fixed network division.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors