Frost & Sullivan honoured and recognized ICT’s best at the 8th
annual Frost & Sullivan Asia Pacific ICT Awards 2011.
The Awards seek to recognize the outstanding performance by companies in the
Enterprise, Telecom, and Service Provider segments of the Information,
Communication and Technology industry.
Axiata Group walked away with the Telecom Group of the Year award, one of six
of the coveted Best of the Best awards presented at the dinner, for a third
Axiata Group Berhad had another outstanding year in 2010, reporting US$5.1bn
in revenue in 2011 which led all industry peers with a growth rate of 17.3
percent from 2009. The company also reported a significant increase
growing from 5.1 percentage points from 2010 in EBITDA margin to reach 45.2
percent. Axiata’s growth was driven by XL Axiata in Indonesia who was
able to record 27 percent revenue growth and an 8 percentage point increase in
EBITDA margin to 52.7 percent,” said Marc Einstein, industry manager for ICT at
Frost & Sullivan.
XL Axiata was also awarded the Wireless Service Provider of the Year, Service
Provider of the Year and CEO of the Year awards.
Other notable recipients include Cisco Systems, Huawei, ZTE, Ericsson, Nokia
Siemens Networks, and SingTel.
2010 was a year of muted recovery for the Asia Pacific ICT sector and in that
environment certain players clearly demonstrated an outstanding performance in
the market. Relentless focus on issues impacting their customers, product and
service innovation with unflinching execution has been the hallmarks for their
performance. These award recipients are shaping the Asia Pacific ICT
landscape,” said Nitin Bhat, partner and senior vice president of ICT at Frost
Frost & Sullivan identifies the outstanding industry
achievements in the past year by companies in the regional and global markets,
through in-depth interviews, market analysis, performance measurements, and
benchmarking of market participants to bring unique best practices to fore
Award recipients were evaluated based on their revenue growth, market share
gains, leadership in new product introduction and innovation, breadth of
products and solutions, major customer acquisition, and business and market
By TelecomLead.com Team