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by Charles F. Moreira
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Friday, 27 August 2010 18:05 |
 KUALA LUMPUR, 27 August: Celcom Axiata (Celcom) continued its growth trend for the 17th consecutive quarter, it said while announcing its second quarter financial results today.
The company announced 11% year-on-year revenue increase to RM1.7 billion, the its highest ever quarterly profit and EBITDA (earnings before interest, tax, depreciation and amortisation) . Its EBITDA increased by 20% to RM818 million, and 30% increase in PATAMI (profit after taxation and minority interests) to RM476.
On a quarter-on-quarter (QoQ) basis, Celcom's revenue was up by 0.4%, EBITDA up by 6% with margins improving by 2.5 percentage points QoQ whilst PATAMI increases by 8%.
Celcom's mobile broadband customer base surpassed the 700,000 mark, with overall broadband revenue growth of 89% YoY, which contributed to 9% of total revenue, up from 5% in the same quarter last year. As compared to the previous quarter, broadband revenue grew by 13%.
The year also saw strong growth in overall non-voice revenue, now contributing 32% to total revenue, from 27% a year ago. Celcom’s subscribers base continued to grow, reaching 10.6 million with growth in prepaid deriving primarily from youth segment whilst postpaid from robust mobile broadband acquisition.
The Enterprise segment witnessed continued growth, contributing approximately 11% to total revenue. This segment retained its stronghold as the leading provider to large corporations, multinational corporations (MNCs) and also the government sector.
“The exceptional quarterly PATAMI and EBITDA growth is a testament of the excellent execution of segmented marketing strategy on top of ongoing cost management through implementation of smart spending measures. These achievements as well as that of 17 consecutive quarters of revenue growth would not be possible without the Celcom employees and the best management team, a pool of talented individuals who persevere and believe in the company’s transformation goals,” said Dato’ Sri Shazalli Ramly, Chief Executive Officer of Celcom.
The road ahead
To sustain its current momentum,, Celcom will continue strengthening its network infrastructure to meet consumers’ demand for better access and faster connectivity.
The recent RM4.2 billion nominal value unrated Sukuk programme issued by Celcom’s wholly-owned subsidiary, Celcom Transmission (M) Sdn Bhd, marked the first step in establishing a network-centric entity which is part of an internal exercise to streamline and synergise business functions and operations. This move further complements the recent announcement of a network and infrastructure collaboration with DiGi.
“This newly established platform of a separate infrastructure service provider will be well-positioned to act as the infrastructure specialist, not only for the entire Axiata Group, but also the possibility of servicing other mobile operators in Malaysia. Reduction of duplications will generate significant savings, ultimately bringing about lower operational cost and improved quality of service. All these, at the end of the day, will bring benefits to not only the service providers but more importantly, to the general public,” said Dato’ Sri Shazalli.
Focusing on maintaining its leadership in the broadband segment, Celcom will intensify its mobile data proposition through smart bundling to the market. It will also continue to invest heavily in network infrastructure, especially with trend becoming more data-centric than voice-centric, expanding its coverage and capacity, and also to facilitate the ever increasing data demand.
Additionally, the deployment of the new prepaid billing platform is on track to address the limitations of current offering and capability. This new billing system will also be able to facilitate introduction of new products and also a capability that eventually will offer increased flexibility to the customers.
Celcom will also continue to refine its segmentation strategy and this is demonstrated through the recent marketing efforts such as the launch of the BlackBerry® Messenger Plan targeting the youth and also the introduction of the newly enhanced Celcom Blue, a prepaid brand targeting working adults aged 25 and above.
Awards and Achievements
Celcom was also acknowledged with numerous awards and accolades for its outstanding achievements in operational profits and strategic initiatives, and they are:
Wireless Data Service Provider of the Year Award at the 2010 frost & Sullivan Asia Pacific ICT Awards.
Service Provider of the Year Award, Mobile Service Provider of the Year Award and Broadband Service Provider of the Year Award at the 2010 Frost & Sullivan Malaysia Telecoms Awards
Best Mobile Carrier Award at the 13th Telecom Asia Awards 2010.
2010 Top Ranking Performers in the Contact Centre Industry Awards (Asia Pacific region) at the Contact Center World Awards.
Gold Awards for Best Contact Centre, Best Helpdesk (Technical Team) and Best Contact Centre Professional (Workforce Planning) at the Contact Center World Awards.
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by Leon Wing
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Thursday, 19 August 2010 10:30 |
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Celcom Axiata has placed RM4.2 billion nominal value unrated Sukuk under a private offering to Employees Provident Fund Board (“EPF”), CIMB Islamic Bank Berhad and Malayan Banking Berhad (“Sukuk Issuance”).
Celcom Transmission (M) Sdn Bhd (“CTX”) is issuing the Sukuk Issuance, with tenures ranging from 5 to 10 years. EPF will subscribe RM3.4 billion and both banks will take up the balance of RM800 million. CIMB Investment Bank Berhad and Maybank Investment Bank Berhad are the Joint Principal Advisers, Joint Lead Arrangers and Joint Lead Managers for the Sukuk Issuance.
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by Charles F. Moreira
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Monday, 16 August 2010 09:45 |
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The wireless communications industry, its players, analysts and watchers have been locked in an ongoing debate as to whether WiMAX (Wireless Interoperability for Microwave Access) or the third-generation cellular communications technologies, UMTS (Universal Mobile Telecommunications System) and CDMA2000 (Code Division Multiple Access 2000) and especially their subsequent evolutions would come to dominate in mobile wireless broad band worldwide.
Initial uptake of 3G in Malaysia was slow, especially when most operators were promoting its video call capability, which led to much pessimism regarding its viability and an expectation that emerging technologies such as WiMAX would beat it.
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by Leon Wing
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Monday, 26 July 2010 12:21 |
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Western Digital Corp’s financial results for 2010 and fourth quarter ended July 2, 2010 are:
For the quarter, revenue totaled US$2.4 billion, hard drive unit shipments were 49.7 million and net income was US$265 million, or US$1.13 per share. The quarterly results included US$27 million of expense related to litigation settlements.
In the June quarter WDC generated US$363 million from operations, ending with total cash and cash equivalents of US$2.7 billion. WDC completed the acquisition of the magnetic media sputtering operations of Hoya Corporation during the June quarter for US$233 million.
In 2010, WDC’s revenue is US$9.8 billion and net income US$1.4 billion, or US$5.93 per share. This income included US$27 million of expense in the fiscal fourth quarter related to litigation settlements. In 2010, WD revenue grew 32 percent and increased operating income by 194 percent year-on-year.
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by Leon Wing
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Friday, 23 July 2010 14:36 |
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At the Malaysia Human Resource Award 2010 event held on 20 July 2010 in Kuala Lumpur, Minister of Human Resources, YB Datuk Dr. S. Subramaniam presented to Azmi Ujang, Senior Vice President and Head of the Human Resources Division of Maxis, the Gold Award in the innovation category.
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