Maxis posts healthy second-quarter results

Malaysia’s largest cellco, Maxis, has posted third-quarter net income of MYR615 million (USD181 million), up from MYR590.4 million quarter-on-quarter. Sales meanwhile grew from MYR2.1 billion in the second quarter to MYR2.2 billion. The company said that growth in voice and data revenues were the reasons behind the increases. ‘We are confident that Malaysian telecom revenues will continue to grow as we are at the inflection point of broadband growth,’ Maxis Chief Executive Sandip Das said in a statement. ‘By the end of this year, we are well on course towards accomplishing our plans to have a full HSPA 3G network in preparations for our ambitions in broadband,’ Das added. Total mobile subscriptions stood at 11.7 million at the end of the quarter, with non-voice revenue accounting for 33% of overall wireless revenue.