Axiata said Capex intensity dropped to 23.8 percent as operational excellence initiatives translate to lower capex at Celcom, XL and Robi.
In FY22, Axiata continued to drive cost excellence achieving a Capex savings of RM1.068 billion. The Group closed the year with a robust balance sheet as gross debt/EBITDA decreased to 2.9x compared to two previous quarters primarily impacted by higher debt to fund Link Net and ISOC Philippines tower acquisitions but normalised by the proceeds from the completed M&As. Cash balance remains healthy at RM7.5 billion.
Axiata says Capex intensity drops to 23.8% in 2023
More like thisRelated
BT Bolsters AI Automation and Fiber Monetization as Peak Network Investment Phase Ends
BT Group is entering a new phase of AI-driven...
Telekom Malaysia Q1 2026 Capex Falls to RM212 mn as Fibre Expansion and 5G Backhaul Investments Continue
Telekom Malaysia reported capital expenditure (Capex) of RM212 million...
TELUS to Invest $8 bn in Quebec as Part of $66 bn Canada-Wide Network and AI Expansion
TELUS has announced plans to invest more than $8...
AT&T Commits $19 bn to Expand Fiber and Wireless Network Across California by 2030
AT&T has announced its largest-ever infrastructure investment commitment in...