Maxis net down 5% on rising costs


Maxis net down 5% on rising costs

Robert Clark  |   September 01, 2010
Maxis, Malaysia’s biggest mobile operator, has posted a 5.0% fall in quarterly earnings despite dominating customer growth in the market.
It has reported an after-tax profit of 532 million ringgit ($169m) for the second quarter, with revenue up 2.3% over Q2 last year to 2.2 billion ringgit and underlying revenue was 2.8% higher. 
Ebitda was off 1.7% to 1.0 billion, with ebitda margin down 4.1 percentage points to 46.9%, mostly because of higher costs. Sales and marketing costs as a proportion of total spending grew from 4.1% a year ago to 5.2%.
CEO Sandip Das said Maxis had become the market leader in mobile broadband, adding 135,000 customers for the period. It now has 6.7 million mobile internet subs and data accounts for 36.6% of mobile revenue, up from 34.8% in Q1.
It added 280,000 net customers for the quarter to take its total to 12.97 million, snaring 47% of total net adds in Malaysia over the last four quarters.
It says it “on target” to launch a next-gen broadband network using GPON gear supplied by Huawei. The company has spent 1.2 billion on capital equipment this year.


Robert Clark
Singapore’s MDA helps fund an R&D project for advanced telepresence technologies.

Frontpage Content by Category

As 2011 dawns, industry experts predict what might happen in the year ahead


Adam Satariano and Peter Burrows
Deal delayed by lengthy trials, technical negotiations
Mark Sten, Globys
Carriers need to shift from blasting large segments to delivering highly personalized communications

Frontpage Content by Category with Image

Sponsored by SAP
The activity-based costing methodology enables telcos to acquire a deeper understanding of costs and profitability. Find out more in this webinar.


Staff writer
Experts disagree on whether the phenomenon exists
Staff writer
Paul Fegan named group MD of Strategy & Corporate Services