Maxis investment touches $82 mn in Q3 to improve networks

Maxis investment in Q3
Telecom network operator Maxis has made an investment of RM359 million or $82 million in the third quarter of 2015 to improve its mobile networks.

Maxis last month during its earnings call said it will be investing around RM1.3 billion or $300 million towards Capex in 2015. The strategy of Maxis will be to improve revenue growth in its Internet business in Malaysia.

As a result of the Capex (capital expenditure) in Q3, Maxis 4G LTE coverage reached 55 percent of the population in Malaysia. Maxis claims that it has 95 percent coverage in key market centers and 60 percent in all state capitals.

Maxis said mobile Internet users dropped to 9 million in Q3 from 9.1 million in Q2 2015. The company added 1.5 million 4G LTE users in the last 12 months and they consume an average of 2.3GB of data per month.
Maxis investment in 4G in Q3

Maxis CEO Morten Lundal said that Maxis keeps investing more than anybody in order to provide our customers the best data network with a particular focus on LTE leadership.

Service revenue of Maxis grew 5.3 percent to RM 2,158 million, led by 6 percent growth in prepaid and 0.7 percent in postpaid. Higher data usage fuelled the growth in prepaid revenue, while growth in postpaid came from high value customers subscribing to MaxisONE plan. Profit of Maxis rose 1.8 percent to RM509 million.

Maxis has clocked post-paid ARPU of RM98 in Q3 2015 against RM97 in Q2 2015 and RM96 in Q1 2015, while its pre-paid ARPU was RM39 in Q3 against RM36 in Q2 and RM38 in Q1.

Maxis had post-paid subscriber base of 2.784 million in Q3 against 2.796 million in Q2 and 2.823 million in Q1. The number of pre-paid subscriber base of Maxis was 8.850 million in Q3 as compared with 9.068 million in Q2 and 8.992 million in Q1.

Baburajan K
[email protected]