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| Formerly | TM International Berhad (12 June 1992–2 April 2009) |
|---|---|
| Company type | Public |
| MYX:6888 | |
| ISIN | MYL6888OO001 |
| Industry | Telecommunications |
| Founded | 12 June 1992; 33 years ago (1992-06-12) |
| Founder | Telekom Malaysia |
| Headquarters | Axiata Tower, 9 Jalan Stesen Sentral 5, Kuala Lumpur Sentral, 50470Kuala Lumpur ,Malaysia |
Areas served | Asia |
Key people |
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| Products | |
| Revenue | |
| Total assets | |
| Total equity | |
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Number of employees | >25,000 (groupwide) |
| Divisions | Axiata Digital Labs |
| Subsidiaries | seethis list |
| Website | www |
Axiata Group Berhad (formerly known asTM International Berhad) is aMalaysian multinationaltelecommunications conglomerate with extensive operations inAsia.
Axiata's primary business is investment holding and provisioning of telecommunication and consultancy services on an international scale. It mainly focuses onemerging markets inASEAN andSouth Asia.[2]
Formerly known as TM International Berhad (TMI), the company was incorporated on 12 June 1992 and was the mobile and international operations arm ofTelekom Malaysia Berhad (TM).[3] Following the de-merger of TMI from TM, the company was listed on the Main Board ofBursa Malaysia Securities Berhad in 2008.[3] On 2 April 2009, TMI underwent a rebranding exercise, launching its new name, Axiata, and a new logo.[4]
Its new tagline, Advancing Asia, was also launched, reflecting the company's focus on expansion within Asia.[4]
Axiata controls interests in mobile operators acrossMalaysia,Indonesia,Sri Lanka,Bangladesh andCambodia.[5] The Group also has stakes in non-mobile telecommunication operations inThailand andPakistan.[6]
Their Board of Directors includes:
On their website in 2019, it was announced that Axiata had approximately 150 million subscribers acrossAsia and Group revenue of MYR25.3 billion (US$5.77 billion) in 2018.[8] It was also reported that the company employed 12,000 people throughout eleven countries.[6]
Axiata's mobile subsidiaries and associates operate under the brand nameCelcomDigi in Malaysia,XLSmart in Indonesia,Dialog in Sri Lanka, Robi in Bangladesh, and Smart in Cambodia. The company formerly operated under the brand nameNcell inNepal (acquisition fromTeliaSonera completed on 12 April 2016),[9]M1 inSingapore, andIdea inIndia.
| Country | Company | Ownership |
|---|---|---|
| Robi Axiata Limited Trust Axiata Digital Limited | 61.82% 49% | |
| Smart Axiata Co., Ltd | 72.48% | |
| PT XLSmart Telecom Sejahtera Tbk | 34.80% | |
| CelcomDigi Berhad | 33.1% | |
| Dialog Axiata PLC | 73.75% |
On 4 January 2018,Bloomberg reported that Axiata was planning a domesticIPO of its tower subsidiary EDOTCO Group.[10] The IPO was expected to raise as much as $500 million.[10]
On 15 February 2019, Axiata sold off its entire shares in 'M1' to Konnectivity Pte. Ltd. for RM1.65 billion, citing the need for capital reallocation and new priorities in line with its vision to be the Next Generation Digital Champion by 2022.[11]
On 21 June 2021, Axiata,Telenor andDigi agreed to a potential merger ofCelcom and Digi to create a stronger telco inMalaysia, coming after advanced discussions that took place two months earlier. The merger was expected to be completed by the end of 2022.[12][13][14] The deal was approved by both Celcom and Digishareholders on 18 November 2022. The merged company would be namedCelcomDigi. At completion, Axiata and Telenor would hold equal ownership of 33.1% each in the newly merged company. The merger completed on 30 November 2022, and the new company began operations the next day.[15][16][17][18][19][20]
On 1 December 2023, the United Kingdom-based Spectrlite UK Limited acquired 100 percent ownership of Reynolds Holdings Limited from Axiata UK of Axiata Group Berhad. Reynolds owns an 80 percent equity stake inNcell, a telecom company inNepal.[21]
Axiata Group meets main competitors across the Indonesian market (Telkomsel). In 2019, Axiata held second place in Indonesia.[22] In Bangladesh, Axiata (Robi) also held second place, and the main competitor wasTelenor (Grameenphone).