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Tag: edotco

  • Axiata Reports Stronger 1H26 Earnings and Declares 5.5 Sen Dividend

    Axiata Reports Stronger 1H26 Earnings and Declares 5.5 Sen Dividend

    Axiata Group Berhad posted higher earnings in the first half of the fiscal year. The company declared an interim cash dividend of 5.5 sen per share.

    Operational gains drove the payout across core markets. Network rationalisation and tighter cost controls helped lift regional performance.

    Regional Markets Drive Operating Momentum

    The Kuala Lumpur-based telecommunications conglomerate manages digital telcos and digital businesses across ASEAN and South Asia. Its portfolio spans frontier and emerging markets including Indonesia, Bangladesh, Sri Lanka, and Cambodia, alongside digital infrastructure provider EDOTCO.

    Strong cash generation across operating units supported the distribution. Institutional funds and retail shareholders receive direct returns after sustained capital expenditure on regional network infrastructure.

    Asset Consolidation and Capital Allocation

    Regional operators continue adjusting balance sheets following large-scale consolidation across Southeast Asian mobile markets. Axiata restructured operations over recent quarters to cut debt exposure, streamline holding structures, and focus capital on cash-generating assets.

    For enterprise suppliers and telecom equipment vendors, steady cash flow at group level keeps network maintenance and connectivity contracts on schedule. Frontier market foreign exchange volatility and inflation remain the primary risks. Both pressures compress margins when earnings convert back into Malaysian ringgit.

    Balancing Debt and Shareholder Returns

    Balance sheet pressure drove management to prioritise structural repairs, selective asset monetisation, and strict capital allocation across all operating subsidiaries. Earlier quarters saw earnings tempered by currency depreciation in South Asian markets and rising interest financing costs.

    Investors now look to the group’s full-year earnings release and subscriber growth metrics in Indonesia and frontier markets to confirm dividend sustainability.

  • Pakistan To Start Proton Car Production

    Pakistan To Start Proton Car Production

    A joint venture between Malaysia’s Proton Motors and Pakistan’s Al-Haj group will begin producing cars from June, officials said on Friday at a ceremony in Islamabad unveiling a series of business accords between the two countries.

    The Proton joint venture, first agreed last year, was the centerpiece of a series of agreements signed during a visit of Malaysian Prime Minister Mahathir Mohamad. Pakistani officials said the deals would total around $800-900 million.

    “These partnerships are just the beginning and I look forward to more and more partnerships,” Board of Investment chairman Haroon Sharif said at the signing ceremony, at which Mahathir presented Pakistani Prime Minister Imran Khan with a symbolic car key.

    The Proton plant, near the southern port city of Karachi, is the latest in a series of assembly deals set up in Pakistan by international auto makers including Volkswagen AG and Hyundai Motors.

    “We were told that the first Proton which will be assembled here will be on the roads next June in Pakistan,” Sharif said.

    The deals come as Pakistan steps up efforts to attract foreign investment. The country is struggling with a ballooning current account deficit and a balance of payments squeeze that has forced it into bailout talks with the International Monetary Fund.

    In recent months, it has signed multibillion dollar credit and investment deals with countries including Saudi Arabia and the United Arab Emirates. It is also a central part of China’s vast Belt and Road Initiative through the $60 billion China Pakistan Economic Corridor.

    As well as the Proton accord, Malaysia’s Edotco Group signed agreements in the telecoms sector with local units of China Mobile and Telenor, as well as local mobile group Jazz.

    Other deals included a halal meat agreement signed by the foods unit of Pakistan’s Fauji Foundation conglomerate and a $20 million venture capital agreement between Pakistan’s Fatima Ventures and Gobi Partners of Malaysia.

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  • Edotco signs landmark deal with Ooredoo Myanmar Limited, expands business model to provide energy services

    Edotco signs landmark deal with Ooredoo Myanmar Limited, expands business model to provide energy services

    edotco Myanmar (edotco MM), an integrated telecommunications infrastructure services company in Myanmar today signed with Ooredoo Myanmar Limited (OML), a telecommunications service provider to take over energy assets and management on 1,250 telecommunications tower sites across the country. This milestone agreement marks a significant step for edotco in Myanmar, where it will now be able to provide and manage energy for all tenants on these sites. The consolidation of systems is set to not only enhance operations but also create energy and environmental efficiencies.

    “This is a significant shift in business model for edotco in Myanmar as we move from providing tower services to tower plus power services. By operating and maintaining the overall power management systems, we will be able to optimise energy systems and energy pass through management at the sites. Apart from that, edotco will provide remote monitoring which will boost operational efficiency by allowing us to address energy management issues as and when they occur, helping to reduce network downtime” said Vijendran Watson, Country Managing Director for edotco Myanmar.

    In addition to increasing operational and energy efficiencies, through sharing energy systems with all tenants edotco will simultaneously improve community relations by reducing noise and environmental pollution caused by multiple operators owning individual diesel generators on sites.

    “We benefit from energy efficiencies, lower downtime and improved experience at both an operational and environmental level through improved overall performance of the power systems at the sites. This partnership with edotco allows us to focus on meeting our operational and customer’s needs with confidence that edotco will be efficiently managing all our energy needs on these sites” said Vikram Sinha, Chief Executive Officer, OML.

    “Across the countries in which we have a presence, our efforts go beyond the provisioning and maintenance of telecommunication infrastructures. We see an opportunity to increase efficiency through our solutions that place a strong emphasis on energy management, which is a crucial requirement by network operators today. As a socially responsible business, we are committed to championing solutions that reduce the impact on the environment and communities surrounding our towers” said Suresh Sidhu, Chief Executive Officer, edotco Group.

    edotco MM, part of Malaysia’s edotco Group, has been working closely with local partners to advance the telecommunication industry since 2015, following the acquisition of Myanmar Tower Company. Today, edotco owns and operates more than 1,500 tower sites across the country with OML as their anchor tenant.

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