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.

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.

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