Friday, December 9, 2011

Celcom Axiata plans another RM1b capex for 3G infra

KUALA LUMPUR (Dec 9): Celcom Axiata Bhd, which invested RM1 billion in the 3G infrastructure this year and plans to spend another RM1 billion next year.

Its chief financial offer Chari TVT said on Friday the network was long term evolution (LTE) capable for upgrading.'' (LTE is a standard for wireless communication of high-speed data for mobile phones and data terminals.)

When asked about plans by Broadcast Australia to ink a deal on Monday to be Celcom's technical partner to bid for the RM2 billion digital terrestrial television broadcasting (DTTB) project, Chari declined to comment.

He said the details of the deal would be announced on Monday but said that Celcom would ultimately be providing infrastructure for the (DTTB) network and rent it out for stable income in the future.

On the financial performance for the third quarter ended Sept 30, 2011, Chari said Celcom posted record profits and revenue. Its profit after tax and minority interests had grown 10% on-year to RM531million and revenue by 6% to RM1.826 billion.

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