BERNAMA.com - Celcom Allocates RM1.3 Bln Capex For Upgrades, Network Expansion
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Celcom Allocates RM1.3 Bln Capex For Upgrades, Network Expansion

Last update: 08/03/2018
 

KUALA LUMPUR, March 8 (Bernama) -- Data network provider, Celcom Axiata Bhd, has allocated about RM1.3 billion as capital expenditure (capex) this year, with the majority to be used for upgrades and network expansion.

Chief Executive Officer, Michael Kuehner, said the capex would also be channelled to accelerate digitisation, which was on-going since last year, to enhance its customers' experience.

"We are allocating lower capex (2017: RM1.4-RM1.5 billion) in 2018, because last year we needed a momentous push in the market and also to establish more base networks.

"For this year, we will focus more on enhancing the base layer established, and the lower capex is sufficient," he told a media briefing, live-streamed from Nusajaya, Johor, today.

In announcing Celcom's fourth quarter (Q4) financial results, Kuehner said service revenue increased 2.5 per cent to RM1.56 billion and total revenue increased 7.4 per cent to RM1.77 billion quarter-on-quarter (QoQ).....

 
 
 

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