Monday, June 5, 2023

Maxis has 14.1 million Subscriptions as of end 2012 [Businesss]

Maxis Berhad recorded a revenue of RM8,967 million for the financial year ended 31 December 2012, a 1.9% growth from RM8,800 million in 2011 on the back of higher revenue from all business segments.

maxis-q4-2012[L-R:  Nasution Mohamed, Chief Financial Officer, Maxis Berhad; Sandip Das, Chief Executive Officer, Maxis Berhad; Raja Tan Sri Dato’ Seri Arshad bin Raja Tun Uda, Chairman, Maxis Berhad; Suren Amarasekera, Joint Chief Operating Officer, Maxis Berhad.]

The mobile operator said it maintained an industry-leading EBITDA margin at 48.6%, despite strong competition and aggressive market initiatives. Subscription base crossed 14.1 million subscribers with growth in postpaid over the last two quarters and prepaid over the last three quarters. In 4Q 2012, Maxis said it led the market with 4.1% quarter-on-quarter revenue growth with non-voice revenue growing 5.1% and contributing 46.2% to total mobile revenue.

Maxis incurred RM803 million capex in 2012 and launched 4G LTE on 1 January 2013. The investment has resulted in acceleration of depreciation of network equipment amounting to RM125 million.  This, together with other one-off asset write-off of RM133 million, impacted Profit After Tax (PAT), ending 2012 at RM1,860 million, which excluding these one-off items, results with a normalized PAT of RM2,049 million. In addition, last year’s PAT also benefitted from a cumulative one-off last mile broadband tax incentive of RM352 million.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) was at RM4,359 million from a year ago.

Chief Executive Officer Sandip Das said, “During 4Q 2012, we declared a fourth interim dividend of 8 sen per share amounting to RM600 million to our shareholders, successfully maintaining our track record of consistent dividend  pay-out.  We are also recommending for shareholders’ approval at the forthcoming Annual General Meeting a final single-tier tax-exempt dividend of 8 sen per ordinary share in respect of the financial year ended 31 December 2012, bringing the total dividend pay-out to 40 sen per share amounting to RM3 billion for 2012.”

On the Home services front, after piloting  Astro B.yond IPTV with Maxis Home Fibre Internet service in Maxis’ own fibre footprint in December 2012, we look forward to a full launch end of 1Q 2013, Sandip said.

“With our partnership with TM and our own network build, Maxis has the largest broadband access footprint in the country. During the year, we made high speed broadband more affordable with both our fibre and wireless based offerings. Furthermore, with our strategic partnership with Astro, our customers can soon enjoy the rich content offerings anytime, anywhere and across any terminal device in a whole new way.”

Kugan is the co-founder of MalaysianWireless. He has been observing the mobile industry since 2003. Connect with him on Twitter: @scamboy

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