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Personal cloud storage, e-books contribute to steady first half year growth: Maxis

AvantiKumar | Aug. 31, 2012
Malaysian telecom Maxis reports steady first half year performance with 3.6 percent year on year revenue growth to US$1.4 billion.

Maxis first half 2012 financials

PHOTO - Sandip Das, Maxis Berhad CEO presenting the company Q2 2012 Financial Results; seated: Nasution Mohamed, Maxis Chief Financial Officer.

 

New data products and services including personal cloud storage and online book stores, as well as a wide range of smart devices, helped Malaysian telco Maxis to record a steady first year with 3.6 percent year on year revenue growth to RM4.4 billion [US$1.4 billion]

Speaking on 30 August 2012, Maxis chief executive officer Sandip Das said the company's steady performance for its first half year results ended 30 June 2012 was helped by strong data and IDD (international direct dialling) growth.

"Since the start of this year, we have launched major market moves across product categories and are encouraged with the response we have received from our customers," said Das.

"As a result, our performance in the first half of the year has been steady despite the tariff wars in the market," he said. "We registered the highest prepaid net additions in five quarters on the strength of the new Hotlink plan launched in March, offered a wide range of globally contemporary data products such as personal cloud storage and online book stores, a wide range of smart devices and made definitive inroads into the migrant market with attractive international calling tariffs."

"Our continued efforts to grow a data-friendly ecosystem has resulted in non-voice revenues climbing up to 45.3 percent of mobile revenues with 62 percent of the revenue coming from Internet and data services," he said.

"Already, more than a third of our customers are using smartphones and we have 8.0 million active mobile Internet users giving us a solid base to drive future data growth," said Das. "This quarter we strengthened our Maxis One Club loyalty programme offering attractive smartphone bundles to our customers. Our business has been built because of them, now we will bring more joy to their homes!"

"We  have declared a second interim  dividend of eight sen [over US$ 2.5 cents] per share amounting to RM600 million [US$191.94 million] to our shareholders this quarter, successfully maintaining our track record of consistent dividend pay-out with the previous quarters. We are pleased to have been able to achieve all these milestones despite tougher competition," he said, adding that Maxis recorded a total of 13.8 million subscriptions, including revenue generating subscription base of 12.7 million as at end of June 2012.

"When we embarked on our integrated services journey and introduced home services, we had two large milestones to cross: the first was achieved with the signing of the historic agreements with Tenaga Nasional Berhad and Telekom Malaysia Berhad, which allowed us access to millions of homes across the country," he said.

 Competition to intensify

"In addition, with the strategic partnership that we have now entered with Astro, Malaysia's leading consumer media entertainment group, we are able to provide the best of Broadband, Voice and Television, wherever our customers are. We are delighted to have secured television and video content to deliver value-added fibre broadband proposition into the homes and soon our LTE [long term evolution] 4G offerings as well," said Das.

"This will allow us to develop new and exciting services and multi-screen experiences seamlessly delivered across different network platforms to continue to attract new customers to our fixed and wireless platforms," he said.

Moving into the second half of the year, Maxis expects the competition to intensify with more competitive offerings by the players to drive higher usages and subscriptions, said Das.

"We remain focused on giving the best experience to our customers. In line with the growing demand for data and mobile internet, we will continue to offer innovative products, bring in the latest devices to the market, make smartphones adoption affordable and provide exciting content, applications, internet and bundle plans," he said.

 

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