AXIATA GROUP BERHAD Unless Otherwise Stated, Shareholding Is 100% (Direct Shareholding)

Total Page:16

File Type:pdf, Size:1020Kb

AXIATA GROUP BERHAD Unless Otherwise Stated, Shareholding Is 100% (Direct Shareholding) Group Corporate Structure* (as at 31 October 2020) AXIATA GROUP BERHAD Unless otherwise stated, shareholding is 100% (direct shareholding) 96.47% Axiata SPV1 Axiata Investments 1 Axiata Investments Celcom Axiata Berhad Axiata Digital Axiata Investments 63.00% 0.002% (India) Limited (Malaysia) (Labuan) Limited Services Sdn Bhd (Cambodia) Limited edotco Group Sdn Bhd (Labuan) Limited (Mauritius) (Labuan) (Malaysia) (Labuan) (Malaysia) (Labuan) Celcom Resources Berhad 81.69% Axiata SPV2 Berhad Axiata Investments 2 (Malaysia) Axiata Digital Advertising Sdn edotco Malaysia Sdn Bhd Axiata Investments (Malaysia) (India) Limited 72.48% (Malaysia) Tanjung Digital Sdn Bhd Bhd 79.998% (Malaysia) (Indonesia) Sdn Bhd (Mauritius) ADA Digital Singapore Pte Ltd (Malaysia) Axiata (Cambodia) Holdings Limited (Singapore) (Labuan) (Malaysia) Celcom Trading Sdn Bhd edotco Holdings (Labuan) (Malaysia) Axiata Management PT Axiata Digital Analytics 1% Limited Yiked Bina Sdn Bhd 99% Services Sdn Bhd Indonesia (Labuan) (Malaysia) (Indonesia) Smart Axiata 66.25% (Malaysia) Celcom Networks Adknowledge Asia Pacific (India) Co., Ltd PT XL Axiata Tbk Sdn Bhd Private Limited (Cambodia) (Malaysia) (Indonesia)‡ (India) 0.02% PT Axiata Digital Services Indonesia 99.98% edotco Investments (Labuan) On Site Services Sdn Bhd * (Indonesia) Limited (Malaysia) Axiata Foundation 70% 26.42% (Labuan) 50.00% Pi Pay Inernational Co., Ltd. PT One Indonesia Synergy Escape Axiata Sdn Bhd ** Komli Asia Holding Pte Ltd (Indonesia) (Malaysia) 0.00% # 99.99% (Hong Kong) (Singapore) Axiata Digital Bangladesh (Private) Limited edotco Services Lanka (Private) 87.50% edotco Investments Axiata Investments (UK) Reynolds (Bangladesh) 30% 95% Limited (Sri Lanka) Singapore Pte. Ltd Celcom Mobile Sdn Bhd Limited Holdings Limited PI PAY PLC (Singapore) PT Princeton Digital Group (Malaysia) (United Kingdom) (St. Kitts & Nevis) ** Adknowledge Asia Hong Kong Cambodia 25.1% Data Centres Limited Edotco Towers (Bangladesh) (Indonesia) Axiata Digital Capital Sdn Bhd 20% (Hong Kong) Limited (Malaysia) Celcom Properties 80.00% Edotco (Cambodia) Co., Ltd 80% (Bangladesh) Asian Towers Holdings Pte. Sdn Bhd Axiata Business Ncell Axiata Limited (Cambodia) Limited (Malaysia) (Singapore) Services Sdn Bhd (Previously Ncell Private 99.99% Edotco Pakistan (Malaysia) Limited) 85%PT Axiata Digital Capital (Private) Limited ADA Digital Philippines Inc. 99% 1% Indonesia 80.00% (Pakistan) Celcom eCommerce Sdn Bhd (Philippines) SADIF LP (Malaysia) (Indonesia) (Labuan) Xpand Investments (Labuan) Axiata Global Services Pte Ltd Edotco Towers Pakistan (Private) edotco Myanmar Limited Limited (Singapore) Limited (Myanmar) Celcom Retail Holding Sdn Bhd (Labuan) 98.51% 80% ** Adknowledge Asia Singapore (Pakistan) (Malaysia) Axiata Digital eCode Sdn Bhd Pte Ltd Edotco Lao 51% (Singapore) (Malaysia) Company Limited edotco Urban Infrashare 65.00% (Laos) ISOC edotco Towers, Inc. Ltd 68.69% 1.49% Suvitech Co., Ltd (Philipines) (Myanmar) Robi Axiata Limited Celcom Retail Sdn Bhd (Thailand) (Malaysia) (Bangladesh) Boost Holdings Sdn Bhd 34.30% 35.70% ADA Asia Malaysia Sdn Bhd (Malaysia) edotco Bangladesh (Malaysia) Co. Ltd Axiata SPV5 (Labuan) Limited (Bangladesh) RedDot Digital Limited Celcom Intelligence Sdn Bhd (Labuan) Apigate Sdn Bhd (Bangladesh) (Malaysia) (Malaysia) Dialog Broadband Networks Telecard (Private) Limited (Private) Limited Axiata Investments Legend: 99.00% (Sri Lanka) (Sri Lanka) PT ADA Asia Indonesia 80.00% (Singapore) Limited = Key Operating Companies (Indonesia) 99.99% 0.01% Celcom Timur (Sabah) (Labuan) Apigate India Services Private 35% Sdn Bhd(Malaysia) Limited Digital Realty (Private) Limited Dialog Device Trading (Private) = Wholly-owned Subsidiaries (India) (Sri Lanka) Limited Axiata Lanka (Private) Limited (Sri Lanka) (Sri Lanka) 49.00% ** PLDT Malaysia Sdn Bhd Axiata SPV4 Sdn Bhd = Non wholly-owned Subsidiaries Communiq Broadband Network Apigate Inc. Dialog Television (Private) Limited (Malaysia) (Malaysia) 99.85% (Formerly known as WSO2. (Private) Limited Axiata Digital Labs (Private) (Sri Lanka) = Associates/Affiliates ADA Digital (Thailand) Co Ltd Telco, Inc) (Sri Lanka) Limited 35.00% (Thailand) (USA) (Sri Lanka) Tune Talk Sdn Bhd Dialog Business Services (Private) = Normal Investment (Malaysia) 62.19% Axiata Digital Apigate (Private) Limited Limited 83.01% Innovation Fund Sdn Bhd (Formerly known as WSO2. (Sri Lanka) (Malaysia) Digital Health Dialog Axiata PLC 20.00% ‡ = Listed Companies Telco (Private) Limited) (Sri Lanka) ‡ Merchantrade Asia Sdn Bhd ** (Sri Lanka) 99.05% (Malaysia) Komli Network Philippines Inc 53.20% * = Company Limited by Guarantee (Philippines) 49% Digital Health (Private) Limited Dialog Finance PLC ‡ (Sri Lanka) (Sri Lanka) 15.12% Trust Axiata Digital Limited # = Negligible (Bangladesh) Sacofa Sdn Bhd 50.59% Digital Holdings Lanka (Private) (Malaysia) Headstart (Private) Limited Limited ** = Members voluntary winding-up (Sri Lanka) (Sri Lanka) 99.03% 51.00% 25% - - - = Effective Ownership Merchantrade Digital Dialog Axiata Digital Innovation Digital Commerce Lanka (Private) Services Sdn Bhd 0.97% Fund (Private) Limited Limited (Malaysia) 25% 49.00% (Sri Lanka) (Sri Lanka) Dialog Network Services (Private) Limited (Sri Lanka) 26.00% Firstsource – Dialog Solutions (Private) Limited (Sri Lanka) .
Recommended publications
  • Always Be Ahead We Are Maxis
    Integrated Annual Report 2019 Always Be Ahead We Are Maxis Maxis is the leading converged solutions company in Malaysia providing a variety of high quality digital services encompassing voice, data, and solutions. We are passionate about bringing together the best of technology to help people, businesses and the nation to Always Be Ahead in an evolving world. As digitalisation is changing the way we communicate and access services such as commerce, banking, and entertainment, we at Maxis, continue to innovate our products and services leveraging from our leading mobile offerings. Not only are we motivated to ensure our products are services, cybersecurity, cloud and IoT. These solutions are consumer-relevant and are of high quality, we are committed supported by an advanced core network with next-generation to deliver the best experience to our customers through a network support capabilities. We aim to be the preferred single point-of-contact. Through our range of worry-free, information and communication technology (ICT) partner flexible and personalised mobile and fixed connectivity as to help Malaysian businesses leverage on technology, as well as solutions, we are empowering our consumers to adapt they ride the wave of digitalization in their business growth and navigate their lifestyles in an increasingly digital world. acceleration. We believe in unlocking the full potential of fixed connectivity To ensure all our customers enjoy superior communication as well as Enterprises, as businesses look towards experiences, we are continuously investing in our network digitalization to improve and grow their businesses. Our and IT infrastructure to further boost speeds, coverage end-to-end Enterprise offerings built upon our strong and reliability.
    [Show full text]
  • Laporan Praktik Kerja Lapangan/Kerja Praktik Di Pt
    LAPORAN PRAKTIK KERJA LAPANGAN/KERJA PRAKTIK DI PT. XL AXIATA Tbk. JAKARTA OPTIMASI PERFORMA JARINGAN TRANSMISI UNTUK MENGATASI KONGESTI NNI SEBAGAI PENURUNAN KUALITAS PADA JARINGAN XL AXIATA TBK DI AREA PONCOL - PEKALONGAN Laporan Praktik Kerja Lapangan/Kerja Praktik disusun guna memenuhi syarat kewajiban Praktik Kerja Lapangan/Kerja Praktik Oleh Duwi Utami NIM. 15101014 PROGRAM STUDI S1 TEKNIK TELEKOMUNIKASI INSTITUT TEKNOLOGI TELKOM PURWOKERTO 2018 ii LAPORAN KERJA PRAKTIK DI PT. XL AXIATA Tbk. JAKARTA OPTIMASI PERFORMA JARINGAN TRANSMISI UNTUK MENGATASI KONGESTI NNI SEBAGAI PENURUNAN KUALITAS PADA JARINGAN XL AXIATA TBK DI AREA PONCOL - PEKALONGAN Laporan Praktik Kerja I Disusun guna memenuhi syarat Kewajiban Kerja Praktik Oleh Duwi Utami NIM. 15101014 PROGRAM STUDI S1 TEKNIK TELEKOMUNIKASI INSTITUT TEKNOLOGI TELKOM PURWOKERTO 2018 iii LAPORAN KERJA PRAKTIK DI PT. XL AXIATA Tbk. JAKARTA OPTIMASI PERFORMA JARINGAN TRANSMISI UNTUK MENGATASI KONGESTI NNI SEBAGAI PENURUNAN KUALITAS PADA JARINGAN XL AXIATA TBK DI AREA PONCOL - PEKALONGAN Oleh Duwi Utami NIM. 15101014 Telah disahkan pada hari Jum’at tanggal 26 Oktober 2018 Pembimbing, Diana Alia S.T., M.Eng NIDN. 0606069101 iv KATA PENGANTAR Puji syukur kami panjatkan kehadiran Allah S.W.T, karena rahmat dan hidayah-Nya, penulis dapat menyelesaikan Laporan Kerja Praktik ini di PT. XL Axiata Tbk Jakarta yang dilaksanakan pada tanggal 31 Agustus 2018 sampai 7 September 2018. Kerja Praktik yang telah penulis laksanakan dengan lancar tidak terlepas dari dukungan segenap pihak yang telah memberikan bantuan kepada penulis baik berupa dukungan moral maupun material. Untuk itu penulis dalam kesmpatan ini mengucapkan terima kasih kepada : 1. Kedua orang tua yang selalu mendo’akan serta mendukung dalam pelaksanaan Kerja Praktik hingga menyelesaikan laporan KP.
    [Show full text]
  • Strategy : Outlook 2021
    Indonesia | Riset Retail | 23 November 2020 Review Dow Jones kemarin malam.. Jumat (20/11), indeks Dow Jones Industrial Average turun 219,75 poin atau 0,75%. Wall street ditutup melemah pada Jumat (20/11) karena investor khawatir dengan perkembangan stimulus fiskal AS yang tak jelas. Juga, kekhawatiran atas peluncuran vaksin corona yang berkepanjangan, dan semakin banyak penutupan di negara bagian AS untuk memerangi pandemi corona yang terus meningkat. -Kontan- Ideas of the day | Trendspotter Indeks Harga Saham Gabungan (IHSG) Resistance 2 5720 Resistance 1 5691 Support 1 5504 Support 2 5441 Saham ASII Saham MNCN Saham HMSP Resistance 2 : 5950 Resistance 2 : 1010 Resistance 2 : 1610 Resistance 1 : 5825 Resistance 1 : 975 Resistance 1 : 1570 Support 1 : 5625 Support 1 : 920 Support 1 : 1525 Support 2 : 5550 Support 2 : 900 Support 2 : 1485 Strategy : Outlook 2021 • Menstabilkan hasil obligasi dan visibilitas yang lebih besar dari ketersediaan vaksin akan memperkuat pemulihan ekonomi Indonesia memasuki tahun 2021. Penerapan Omnibus Law yang lebih cepat memberikan risiko yang menguntungkan. • Meskipun kasus dasar kami tetap di mana pertumbuhan dibatasi oleh konsumsi yang lemah dan berakhirnya pelonggaran skema restrukturisasi pinjaman pada 22 Maret, pasar dapat memilih untuk memproyeksikan hasil yang lebih optimis. • Pemulihan ekonomi masa lalu mendukung permainan infrastruktur dan properti. Hal ini dapat terjadi lagi karena adanya hambatan regulasi dan rebound dalam belanja infra pemerintah. Proksi obligasi adalah perdagangan favorit lainnya. Indonesia | Riset Retail | 23 November 2020 Commodities / Indices… Indices Currencies Global Commodities Most Actives Indonesia | Riset Retail | 23 November 2020 PT XL Axiata Tbk - Technical view Last price: 2300 Figure 1: Daily Timeframe Resistance 1 :2350 Support 1: 2290 Resistance 2 :2420 Support 2: 2250 Source: Bloomberg, CGS-CIMB RESEARCH EXCL di tutup stagnan di level 2300.
    [Show full text]
  • National Contribution Report Sustainability & National Contribution Report 2018 Introduction
    National Contribution Report Sustainability & National Contribution Report 2018 Introduction As one of the leading telecommunications groups in Asia Report Scope and Information of the National with a presence in 11 countries and a customer base of Contribution Report 2018 approximately 150 million, Axiata Group Berhad makes a substantial contribution to the countries in which the This report consists of an economic impact assessment at six of Axiata’s major operating companies. The report USD13.9 billion Group operates. Through its investments in its portfolio GDP Contribution of operating companies across the region, Axiata is includes economic and financial analysis of Axiata’s operating companies’ contribution to the national recognised as one of the largest Foreign Direct Investors, 1 best employer, significant taxpayer and substantial economy, which includes an assessment of the following : purchaser of local services where it has a digital telecommunications presence. a. Economic contribution to the nation b. Investment and innovation for the long-term Employed Over the past five years, Axiata has published an annual c. Contribution to public finance Supported National Contribution Report to continuously measure d. Talent development e. Labour productivity 32,800 the economic impact and value creation in the markets 0.9 million employees across and communities served. Our national contributions Jobs across Asia ASEAN and Highlights of the National Contribution Report 2018 represent the long-term value we have created through South Asia our investments in the local telecommunications Contributed USD13.9 billion to the national GDPs industry, network infrastructure, talent development, of eight countries where Axiata has a digital environmental conservation and in society.
    [Show full text]
  • Hong Leong Bank Berhad
    January 26, 2018 Global Markets Research Fixed Income Fixed Income Daily Market Snapshot US Treasuries UST T enure C lo sing (%) C hg (bps) US Treasuries reversed losses in earlier sessions by rallying as 2-yr UST 2.09 1 the curve bull-flattened amid strong 7Y auction which averaged 5-yr UST 2.42 -1 2.565%. Yields were generally lower by up to 5bps (save for the 10-yr UST 2.62 -3 30-yr UST 2.88 -5 2Y; sensitive to Fed policy interest rate expectations which nudged 1bps higher at 2.09%). The 5s30s spread resumed MGS GII* tightening by as much as 3bps. The much-watched 10Y moved T enure C lo sing (%) C hg (bps) C lo sing (%) C hg (bps) 2bps lower at 2.62%. The recent movement of yields; especially 3-yr 3.35 -2 3.54 0 the 10Y UST suggest that volatility may begin emerging unlike 5-yr 3.62 8 3.88 -1 7-yr 3.89 -1 4.08 -3 the “goldilocks” era of debt levels in 2017. Upcoming data today 10-yr 3.92 -1 4.16 -2 include annualized GDP figures for 4Q with survey polls lower at 15-yr 4.44 1 4.55 0 3.0%. 20-yr 4.62 -1 4.78 0 30-yr 4.86 -4 4.95 0 * M arket indicative levels M YR IRS Levels MGS/GII IR S C lo sing (%) C hg (bps) Local Govvies saw volume traded improve to RM2.67b with 1-yr 3.70 5 investor interest shifting to the mid-to-long ends i.e.
    [Show full text]
  • INTEGRATED ANNUAL REPORT 2019 Digital Telco
    INTEGRATED ANNUAL REPORT 2019 Digital Telco Digital Businesses Guided by our broader purpose of Advancing Asia, Axiata Group Berhad together with our Operating Companies throughout our footprint of 11 countries in ASEAN and South Asia champion digital inclusion for communities through the provision of digital and connectivity solutions. This is achieved through the Infrastructure Group’s Triple Core Businesses namely Digital Telco, Digital Businesses and Infrastructure. For more details on our regional presence, please refer to page 4 IAR in the “Find Further Details Of Who We Are” section Integrated Annual Report 2019 IN THIS INTEGRATED ANNUAL REPORT 2019 SEE WHAT FIND FURTHER DETAILS READ HOW OUR UNDERSTAND HOW WE WE BASE OUR OF WHO WE ARE LEADERS CONTINUE TO PROGRESS STRATEGY PRESENTATION CREATE VALUE ON We Are Axiata 4 Chairman’s Message 8 The Environment We Operate In 22 This Is What We Do 6 Our Share Price Performance 10 The Importance Of Listening To Our Stakeholders 23 Our Dividend Policy 11 Our Risks Linked To Strategy 25 In Conversation With The Advancing Asia: Evolving And Adapting Our Strategy President & Group CEO 12 To A New Operating Landscape 28 Adapting Our Strategy To A New Operating Landscape 29 BE ASSURED OF OUR ASSESS HOW OUR TAKE MEASURE OF SEE HOW WE COMMITMENT TO TRANSPARENCY OPERATING COMPANIES OUR FINANCIAL INTEND TO CREATE AND ACCOUNTABILITY HAVE CONTRIBUTED TO PERFORMANCE LONG-TERM VALUE CREATING VALUE Governance Is At The Heart Of Delivering 2019 Overview Of Operating Financial Review 40 Our Value Creation
    [Show full text]
  • Asia & Pacific
    LTE‐ LTE‐ Region Country Operator LTE Advanced 5G Advanced Pro Asia & Pacific 162 72 5 25 American Samoa Total 21 0 0 American Samoa Telecom (BlueSky American Samoa Communications) 11 0 0 American Samoa Telecommunications American Samoa Authority (ASTCA) 10 0 0 Australia Total 43 1 3 Australia Optus Mobile 21 0 1 Australia Telstra 11 0 1 Australia Vodafone Hutchison Australia (VHA) 11 1 1 Bangladesh Total 41 0 0 Bangladesh Banglalink 10 0 0 Bangladesh GrameenPhone (GP) 10 0 0 Bangladesh Robi Axiata 11 0 0 Bangladesh Teletalk 10 0 0 Bhutan Total 20 0 0 Bhutan Bhutan Telecom (BT) 10 0 0 Bhutan Tashi InfoComm (TashiCell) 10 0 0 Brunei Total 40 0 0 Datastream Technology (DST Brunei Communications) 10 0 0 Brunei imagine (formerly Telekom Brunei) 10 0 0 Brunei Progresif 10 0 0 Brunei Unified National Networks (UNN) 10 0 0 Cambodia Total 43 0 0 Cambodia CamGSM (Cellcard) 11 0 0 Cambodia SEATEL (yes) 10 0 0 Cambodia Smart Axiata 11 0 0 Cambodia Viettel Cambodia (Metfone) 11 0 0 China Total 61 0 3 China China Mobile 20 0 1 China China Telecom Corporation 21 0 1 China China Unicom 20 0 1 Cocos (Keeling) Islands Total 00 0 0 Cook Islands Total 11 0 0 Vodafone Cook Islands (formerly Cook Islands Bluesky) 11 0 0 Fiji Total 22 1 0 Fiji Digicel Fiji 11 1 0 Fiji Vodafone Fiji 11 0 0 French Polynesia Total 30 0 0 French Polynesia Ora (Viti) 10 0 0 French Polynesia Vini 10 0 0 Vodafone French Polynesia (Pacific French Polynesia Mobile Telecom, PMT) 10 0 0 Guam Total 40 0 0 Guam Choice Phone (iConnect Guam) 10 0 0 Guam DOCOMO Pacific (Guam) 10 0 0 Guam GTA 10 0 0 Guam IT&E (Guam) 10 0 0 Hong Kong Total 64 2 4 China Mobile Hong Kong (CMHK, Hong Kong formerly Peoples) 21 1 1 Hong Kong HKT/PCCW (incl.
    [Show full text]
  • XL Axiata Green-Lighted for Merger Plan with Axis
    XL Axiata Green-Lighted For Merger Plan With Axis Indonesia’s antimonopoly commission has approved a planned merger by XL Axiata and Axis Telekom Indonesia, the latest of such approvals after other regulators made gave their go-ahead. “XL Axiata has secured approval from KPPU on March 6,” Murni Nurdini, XL’s corporate secretary said, referring to the antimonopoly commission by its Indonesian name in a statement on Monday. The KPPU has reason to be wary of monopolies in the industry, after finding six telecommunications companies guilty of collusion to fix SMS prices in 2008, dishing out fines worth $10 million. The approval should help boost confidence among XL Axiata’s management that the merger may be concluded by the end of this month. The approval is the latest after it obtained approval from the Ministry of Communications and Information Technology in February last month. The Financial Services Authority (OJK) has also okayed the merger plan. The OJK supervises listed companies, including XL Axiata. Shareholders have also given their nod to the plan. “We are grateful for the KPPU’s support to the merger and acquisition plan. It is a crucial milestone for consolidation of the national telecommunications industry,” said Hasnul Suhaimi, president director of XL Axiata. “By obtaining the approval from KPPU, we have complied with all the regulatory requirements in the conditional sale and purchase agreement. An XL – AXIS merger will provide substantial benefits for customers, as well as creating a healthier ecosystem in the telecommunications industry,” Hasnul said. He said the merger will not trigger any monopolistic practices.
    [Show full text]
  • Download Chapter 2
    28 Key Highlights 2019 29 Overview 29 C&M Industry Market Performance 33 C&M Industry Financial Performance 34 Telecommunications Sector 40 Broadcasting Sector 41 Postal and Courier Sector 42 ACE Market Overview and Performance This chapter reports on the economic performance of the C&M industry, mainly on the market capitalisation including Bursa Malaysia market capitalisation by sector; telecommunications, broadcasting, postal and courier. This chapter also analyses the financial performance including industry revenue by sector, capital expenditure and ARPU. In addition, it also provides an overview and performance of the ACE Market. KEY HIGHLIGHTS 2019 28 INDUSTRY PERFORMANCE REPORT 2019 OVERVIEW DOMESTIC GROWTH The C&M industry market capitalisation remained resilient despite the external headwinds and global SOFTENED IN 2019, WITH economic uncertainties and continued to play a vital role in contributing to the domestic economy. MIXED PERFORMANCES Sector-wide cost rationalisation continues to ACROSS COMMUNICATIONS be at the forefront of the C&M industry players’ initiatives against the persistent and increasing stiff AND MULTIMEDIA (C&M) competitiveness in the market. INDUSTRY C&M INDUSTRY MARKET PERFORMANCE The C&M industry represents 8.4% or RM144.01 billion of Bursa Malaysia total market capitalisation of RM1,711.84 billion as at end 2019 (2018: 8.1% C&M Industry or RM137.73 billion). The C&M industry market capitalisation has increased by 4.6%, spurred Market Capitalisation by telecommunications sector. This is due to RM144.01 telecommunication companies’ share prices gaining billion 4.6% momentum, driven by corporate announcements (2018: RM137.73 billion) such as 5G initiatives, new product launch, collaborations and financial results.
    [Show full text]
  • Vodafone Idea Limited Annual Report 2018
    CMYK CMYK VODAFONE IDEA LIMITED ANNUAL REPORT 2018 - 2019 Vodafone Idea Limited (formerly Idea Cellular Limited) Suman Tower, Plot No. 18, Sector - 11, Gandhinagar - 382 011, Gujarat www.vodafoneidea.com Press Thomson The Chairman’s Letter to Shareholders Dear Shareholder, Global Economy: The global economy recorded a healthy growth of 3.6% in 2018. During the second half of the year, however, the global economy lost some momentum, mainly on account of the increased trade frictions between the US and China, and the tightening of financial conditions. International Monetary Fund (IMF) expects growth to decelerate to 3.3% in 2019 and its projections suggest that all three major engines of the global economy, viz. US, China and Euro area are likely to decelerate in 2019. On the positive side, however, IMF expects world economic output to recover and grow at 3.6% in 2020. Of late, there have been a few growth-supportive factors such as the announcement of economic stimulus in China and halt to the process of monetary policy tightening in developed countries. But the business sentiment has become somewhat clouded with challenges arising from the apparent setback to the US-China trade talks, the spread Macroeconomic of trade frictions to technology sectors and the increased stability indicators intermingling of economic policies. These challenges signal broadly maintained that global commodity prices could be under pressure. their health. Low Indian Economy: inflation has created Indian economy exhibited mixed record in the just the space for monetary concluded fiscal. GDP growth slowed from 7.2% in FY18 policy easing, which to 6.8% in FY19.
    [Show full text]
  • Axiata Group Berhad (“Axiata”) Is Pleased to Announce That PT XL Axiata Tbk
    Axiata Group 26 September 2013 Introduction Axiata Group Berhad (“Axiata”) is pleased to announce that PT XL Axiata Tbk. (“XL”) is leading the Indonesian Telecom market consolidation with the acquisition of PT Axis Telekom Indonesia (“Axis”) Axiata has consistently emphasized its focus on in‐market consolidation as a key value driver across its footprint XL addresses its key constraints and achieves spectrum parity in a market with exploding demand for data services XL will deliver a higher quality customer experience with a lower and more efficient capex spend The overall Indonesian telecommunications industry will benefit from improved market discipline In line with Axiata’s long‐term strategic objectives and its commitment to its core markets Indonesia is a key growth market and is the 2nd largest contributor to Axiata’s revenue and EBITDA Axiata has a strong market position in each of the markets it operates in The transaction highlights Axiata’s prudent investment philosophy across multiple markets and market cycles EPS accretive for Axiata in the medium term Group leverage impact mitigated since transaction is funded through a combination of Axiata shareholder loan and XL external debt The transaction will be a first of its kind in terms of scale and complexity in the Indonesian telecommunications industry XL’s stable and seasoned management team is fully geared up to secure immediate benefits and ensure the smooth integration of Axis’ operations to ensure a win‐win for all stakeholders Reiterates Axiata’s willingness
    [Show full text]
  • Malaysia Real Estate Highlights
    RESEARCH REAL ESTATE HIGHLIGHTS 1ST HALF 2019 KUALA LUMPUR PENANG JOHOR BAHRU KOTA KINABALU HIGHLIGHTS KUALA LUMPUR More market activity in the high-end condominium / HIGH END CONDOMINIUM serviced apartment segment (> RM1 million) in 2018 and MARKET this momentum is expected to continue into 2019. MARKET SUPPLY AND 1H2019 saw the launches of a INDICATIONS DEMAND few high-end condominium / The Malaysian economy continues with As of 1H2019, the completion of 602 units serviced apartment projects in its growth momentum albeit at a slower of high-end condominiums / serviced Kuala Lumpur City. The projects pace of 4.7% in 2018 (2017: 5.9%). It apartments from two projects brought are generally smaller in scale, on continued to expand 4.5% in 1Q2019 the cumulative supply in Kuala Lumpur pockets of land. (4Q2018: 4.7%), supported by private to 56,786(R) units. The completed projects sector expenditure. For the whole year were Opus KL (357 units) and Residensi The prices of new launches of 2019, economic growth is expected Sefina (245 units). remain flattish as the high-end to range between 4.3% and 4.8%. In (Note: (R) The cumulative supply has residential segment continues to May 2019, the Department of Statistics been revised) be challenging. Malaysia (DOSM) rebased of the country’s gross domestic product (GDP), The scheduled completion of Sky Suites In the secondary market, the from year 2010 to 2015. @ KLCC (986 units), 8 Kia Peng (442 units), Tower 1 and Tower 2 @ Star overall transacted price of The current period of low headline Residences (1,039 units), Aria KLCC selected schemes analysed was inflation, recorded at 1.0% in 2018 (2017: (598 units), Stonor 3 (400 units), Novum lower by 1.6% when compared 3.7%), is largely due to key policies such Bangsar (729 units), TWY Mont’ Kiara to 2018 as purchasers continue as the fixing of domestic retail fuel prices (484 units), Arte Mont’ Kiara (1,706 to be spoilt for choice.
    [Show full text]