Axiata Group Berhad Continues Winning Streak with Frost & Sullivan 2010 Asia Pacific ICT Award for Best Telecom Group for the second consecutive Year
Kuala Lumpur 10th June: Axiata Group Berhad (Axiata) continues to gain momentum in the industry as it received more prestigious regional awards with the Frost & Sullivan's 2010 Asia Pacific ICT Award for Best Telecom Group of the Year, for the second consecutive year. Axiata Group also took home six awards in total, with Celcom Axiata Berhad winning the regional award for Service Provider of the Year as well as Malaysia's Mobile Service Provider and Wireless Data Service Provider of the Year. Robi, in Bangladesh, was voted the best Emerging Market Service Provider of the Year. Alongside these, Axiata's President and Chief Executive Officer, Dato' Sri Jamaludin Ibrahim, was given the prestigious individual award for CEO of the Year: Service Provider award. The honours follow on from the Group's recent sweep at the Telecom Asia awards, where three awards in total were picked for the Group.
To qualify for the Telecom Group of the Year category companies were studied on their growth and performance in 2010 in Asia Pacific through its investments in the region. Contenders were evaluated based on revenues, Group EBITDA margin, and strength of regional footprint as well as valuation improvement. Shortlisted companies were interviewed, and the data collected compared with proprietary Frost & Sullivan resources, as well as secondary research available from public sources.
Dato' Sri Jamaludin Ibrahim, President and Chief Executive Officer of Axiata said "We are greatly honoured by the awards and would like to thank Frost & Sullivan for the recognition. The awards reflect the great team that we have with us and are really a collective victory to be fully shared with all our employees. I also have to thank our stakeholders, especially the customers, and the relevant authorities."
"Axiata continued to establish itself as one of the premier regional telecom groups in Asia Pacific region in 2009, recording another outstanding performance for 2009. The group reported revenue growth of 15.5% year on year and was the only major regional operator to grow in double-digit revenue figures. Driven particularly by its operations in Malaysia and Indonesia and a turnaround year in Bangladesh the operator was not only able to grow its top line but also successfully controlled costs as its Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) also grew by 18.4%. Through its associates and subsidiaries Axiata subscribers was at 120 million, an increase of 34%. In 2009 the Axiata also underwent an important regional re-branding exercise to create a unified and regional image as the company transitions from a holding company to an integrated Asian telecom service provider" said Shaker Ibne Amin, Industry Analyst, Asia Pacific ICT Practice, Frost & Sullivan.
With Asia Pacific's mobile penetration rate standing at a mere 56.06% at the end of 2009 there is significant subscriber and revenue growth to come in the region. Axiata Group has built a strong portfolio including investments in ten markets in the region, many of which are among the world's fastest growing. Fuelled by a stellar year in Indonesia, Axiata Group witnessed strong subscriber and revenue growth outside its home market, and has taken steps in other markets to ensure future operating success.
"The awards are an acknowledgement of the continued success of our operating companies in the region as well as an acknowledgement of the Group's transformation, barely two years since becoming a stand alone company and just over a year as Axiata. I would also like to congratulate all Celcom and Robi employees and in particular Dato' Sri Shazalli Ramly and Michael Kuehner, for their strong and creative leadership, in winning their respective awards" Dato' Sri Jamaludin Ibrahim concluded.
Axiata is one of the largest Asian telecommunication companies, focused on high growth low penetration emerging markets. Axiata has controlling interests in mobile operators in Malaysia, Indonesia, Sri Lanka, Bangladesh and Cambodia with significant strategic stakes in India, Singapore and Iran. India and Indonesia are amongst the fastest growing markets in the world. In addition, the Malaysian-grown holding company has stakes in non-mobile telecommunication operations in Thailand and Pakistan.
The Group's mobile subsidiaries and associates operate under the brand name ‘Celcom' in Malaysia, ‘XL' in Indonesia, ‘Dialog' in Sri Lanka, ‘Robi' in Bangladesh, ‘HELLO' in Cambodia, ‘Idea' in India, ‘M1' in Singapore and ‘MTCE' in Iran (Esfahan).
The Group's, including its subsidiaries and associates, has over 130 million mobile subscribers in Asia. The Group revenue for 2009 was RM13.1 billion. The Group provides employment to over 25,000 people across Asia. Axiata's vision is to be a regional champion by 2015 by piecing together the best throughout the region in connectivity, technology and people, uniting them towards a single goal: Advancing Asia.
Axiata was awarded the Frost & Sullivan 2009 Asia Pacific ICT Award for Best Telecom Group and most recently the Best Regional Mobile Group 2010 for its operations in multiple Asian markets by Telecom Asia.