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Axiata Group Bhd.

Company Background

Mobile telecommunications operator Axiata calls itself an Asiacentric multinational. Its rationale: It has controlling interests in cellular companies in Malaysia, Indonesia, Sri Lanka, Bangladesh and Cambodia as well as strategic stakes in India and Singapore. With a subscriber base exceeding 240 million -- a number that has grown sixfold since 2007 -- the group is one of Asia's biggest mobile operators.


Axiata was one of the earliest to roll out 4G services in Malaysia and Sri Lanka. The group is also one of the region's biggest telecommunications tower players, owning more than 13,000 towers in four countries via Edotco Group, a subsidiary Axiata plans to list in the near future.


Axiata was incorporated in 1992 as an international business division of Telekom Malaysia, the state telecommunications company. It was separated from Telekom and subsequently listed in 2008. Khazanah Nasional and other state funds combined hold more than 60% of Axiata's shares. The group is led by its President and CEO Jamaludin Ibrahim, a former IBM engineer who joined Axiata in 2008 after nine years as CEO of Maxis Communications, a leading Malaysian mobile operator.

Business Summary

Axiata Group Bhd. is an investment holding company, which engages in the provision of mobile communication, telecommunication infrastructure, and digital services. It operates through the following segments: Mobile, Fixed Broadband, Infrastructure, and Others. The Mobile segment provides mobile services, interconnect services, pay television transmission services, broadband services, and digital business. The Fixed Broadband segment focuses on the broadband and broadcasting business. The Infrastructure segment offers telecommunication infrastructure and related services. The Others segment includes investment holding entities, financing entities, and other operating entities providing other services including digital business and fibre optic transmission. The company was founded on June 12, 1992 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Dec 2022 MYRUSD
Gross Profit5,705.00M1,296.19M
Operating income2,480.72M563.63M
Income before tax-4,162.86M-945.82M
Net income-5,132.16M-1,166.04M
Diluted EPS-0.41-0.09
Dividends Per Share0.100.02
Total Assets82,028.88M18,621.76M
Total liabilities51,348.53M11,656.87M
Total equity23,935.05M5,433.61M
Operating cash flow9,179.92M2,085.71M
Currency in MYRCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 23,885.78M 24,583.31M 24,203.17M 19,994.36M 21,700.15M
Gross Profit 6,956.59M 7,475.03M 6,255.20M 5,364.61M 5,705.00M
Operating income 1,212.08M 3,554.09M 2,346.71M 2,495.64M 2,480.72M
Income before tax -4,048.45M 2,783.20M 1,152.39M 960.59M -4,162.86M
Net income -4,762.02M 1,457.55M 365.15M -136.91M -5,132.16M
EBITDA 8,465.49M 10,617.68M 10,596.59M 8,784.05M 9,454.74M
Diluted EPS -0.52 0.15 0.03 0.08 -0.41
Dividends Per Share 0.09 0.09 0.07 0.09 0.10
Total Assets 63,855.02M 67,471.32M 68,756.69M 73,193.19M 82,028.88M
Total liabilities 40,640.32M 45,251.29M 44,877.26M 48,127.36M 51,348.53M
Total equity 17,476.79M 16,180.79M 17,641.14M 18,005.32M 23,935.05M
Operating cash flow 6,283.99M 8,768.84M 7,333.68M 8,992.09M 9,179.92M
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 5,919.09M 5,933.72M 5,759.62M 4,823.44M 4,930.36M
Gross Profit 1,723.90M 1,804.26M 1,488.55M 1,294.16M 1,296.19M
Operating income 300.36M 857.85M 558.44M 602.05M 563.63M
Income before tax -1,003.24M 671.78M 274.23M 231.73M -945.82M
Net income -1,180.06M 351.81M 86.89M -33.02M -1,166.04M
EBITDA 2,097.82M 2,562.81M 2,521.67M 2,119.06M 2,148.15M
Diluted EPS -0.13 0.03 0.00 0.02 -0.09
Dividends Per Share 0.02 0.02 0.01 0.02 0.02
Total Assets 15,451.91M 16,494.63M 17,093.02M 17,569.17M 18,621.76M
Total liabilities 9,834.31M 11,062.53M 11,156.56M 11,552.41M 11,656.87M
Total equity 4,229.11M 3,955.70M 4,385.61M 4,321.96M 5,433.61M
Operating cash flow 1,557.22M 2,116.55M 1,745.19M 2,169.25M 2,085.71M

Valuation Measures

Dec 2022
Operating margin11.43%
Profit margin-23.65%

Key executives

  • Group Chief Executive Officer, Director & MD: Vivek Sood
  • Group Chief Financial Officer: Lila Azmin Abdullah
  • Group Chief Information Officer: Nirmal Anthony Rodrigo
  • Group Chief Strategy & Technology Officer: Thomas Hundt
  • Group Chief Risk & Compliance Officer: Abid Abdul Adam


  • Khazanah Nasional Bhd. (Investment Company) (36.7%)
  • Employees Provident Fund (16.7%)
  • Permodalan Nasional Bhd. (16.6%)
  • Kumpulan Wang Persaraan (3.0%)
  • Public Mutual Bhd. (2.1%)
  • Bumiputra Investment Foundation (1.5%)
  • The Vanguard Group, Inc. (1.5%)
  • AIA Bhd. (1.4%)
  • Lembaga Tabung Haji (0.9%)
  • Eastspring Investments (Singapore) Ltd. (0.8%)

Contact Details

  • Website:
  • Address: Axiata Tower, 9 Jalan Stesen Sentral 5, Kuala Lumpur, 50470, Malaysia
  • Phone: +60.3.2263.8888

Related Companies

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  • Axiata Business Services Sdn. Bhd.
  • Axiata Investments (UK) Ltd.
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  • Axiata Foundation
  • Axiata Management Services Sdn. Bhd.
  • Axiata Investments (Cambodia) Ltd.
  • Axiata SPV2 Bhd.
  • Alpine Resources Sdn. Bhd.
  • Ncell Axiata Ltd.
  • Airtel Bangladesh Ltd.
  • Axiata Investments (Labuan) Ltd.
  • Axiata SPV1 (Labuan) Ltd.
  • Axiata Investments 1 (India) Ltd.
  • PT Link Net Tbk
  • Robi Axiata Ltd.
  • TM International (L) Ltd.
  • Dialog Axiata PLC
  • Axiata Investments (Singapore) Ltd.
  • PT XL Axiata Tbk


    Last Updated on 30 May, 2023

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