Latest news with #Maxis
Barnama
23-05-2025
- Business
- Barnama
42 B40 Students Receive Maxis Awards For Academic Excellence Through Anugerah Gemilang eKelas
KUALA LUMPUR, May 23 (Bernama) -- Maxis has reaffirmed its commitment to accessible education and digital empowerment through the Anugerah Gemilang eKelas 2025, which honoured 42 students from B40 households nationwide for their academic improvement and dedication to learning via the Maxis eKelas digital platform. According to Maxis in a statement today, a total of 25 secondary and 17 primary school students were recognised for their achievements out of 400 applications. Each winning student received an education grant deposited into their Skim Simpanan Pendidikan Nasional (SSPN) account, RM1,500 for secondary students and RM750 for primary students, to support their future studies. The eKelas is a digital learning platform aimed at enhancing student performance, particularly in underserved communities, by focusing on STEM subjects and offering live tutorials, group learning, digital content, and interactive features. Maxis Chief Corporate Affairs Officer Azizul Abdul Rahman said the initiative not only highlights the transformative power of education but also reinforces the importance of equipping students with the right tools for success. 'We are proud to support this journey through Maxis eKelas and celebrate outstanding progress and resilience through Anugerah Gemilang eKelas. 'By recognising students who have shown meaningful improvement, we are reaffirming our commitment to bridging the digital divide and connecting our youth to a world of possibilities,' he said. Among the inspiring stories shared was Chan Kit Yeong, 18, from SMK Bandar Puncak Jalil, Selangor, who achieved 7As in the SPM examinations. He credits eKelas' practice quizzes for helping him to pave the way for his dream of studying electrical engineering.
New Straits Times
19-05-2025
- Business
- New Straits Times
PublicInvest: Maxis to deliver resilient FY25 earnings on steady postpaid, fibre growth
KUALA LUMPUR: Maxis Berhad is expected to deliver resilient earnings in the financial year 2025 (FY25), underpinned by steady domestic demand for affordable postpaid mobile services and growing adoption of fibre connectivity to homes. Public Investment Bank Bhd (PublicInvest) said the revenue came in flat in the first quarter of financial year 2025 (Q1 FY25) as the increase in fibre, postpaid and device revenue was offset by lower contribution from the prepaid segment. The firm noted that postpaid subscriber base was 10.3 per cent higher, driven mainly by Maxis Postpaid and Hotlink Postpaid, despite a 4.4 per cent year-on-year decline in average revenue per user (ARPU) to RM71.80. Consumer home connections were 5.1 per cent higher while ARPU declined by 3.9 per cent. Meanwhile, the decline in prepaid ARPU outpaced the growth in its subscriber base, falling 8.4 per cent year-on-year compared to a 2.3 per cent increase in users. On the company's investment in 5G wholesale network, PublicInvest said Maxis has recently proposed to acquire additional stake in Digital Nasional Bhd (DNB) from U Mobile for RM33,333, after the latter was appointed as the second 5G network provider by the government. Following the completion this by end-May, Maxis, CelcomDigi and YTL will hold an equal stake of 19.44 per cent (an increase from 16.3 per cent) each in DNB, with the remaining 41.67 per cent will be owned by the MoF. "Although the proposed investment is not expected to have any material financial impact in the immediate term, this helps to remove concern of Maxis having to spend a sizeable capital expenditure commitment in order to build its own 5G network. "While the three parties may have to explore infrastructure sharing arrangements that could complicate the rollout process, we believe this will be manageable as Maxis, Celcom and Digi have previously collaborated successfully to jointly develop and share fibre infrastructure," it said. Despite the stable earnings outlook, PublicInvest have downgraded Maxis' stock rating from "Buy" to "Neutral," citing limited upside potential with the stock trading near its target price (TP) of RM3.90.
New Straits Times
16-05-2025
- Business
- New Straits Times
Maxis' net profit up 5.1pct to RM371mil, revenue rises to RM2.61bil in Q1
KUALA LUMPUR: Telecommunications company Maxis Bhd reported a 5.1 per cent increase in net profit to RM371 million for the first quarter ended March 31 2025. This was mainly due to lower net finance costs compared to RM353 million in the same quarter last year, Maxis said today. Its revenue inched up 0.2 per cent to RM2.61 billion from RM2.6 billion previously, supported by higher device sales driven by increased volume. However, the company's service revenue dipped 0.9 per cent to RM2.17 billion, impacted by a revised commercial structure for the SafeDevice programme and lower regulated interconnect rates. The company also announced an interim dividend of four sen per share for the quarter. Maxis said it remains committed to boosting customer value by driving service innovation and maintaining a highly reliable network. "We are committed to optimising operational efficiencies to ensure sustainable long-term growth," it added. Maxis has identified five key focus areas for 2025. This includes bundling and cross-selling to strengthen its consumer base, and growing its enterprise business while remaining aligned with its core offerings. The company will also prioritise infrastructure and wholesale development, digitalisation and artificial intelligence (AI) adoption, as well as operational excellence. Maxis chief executive officer Goh Seow Eng said the company expects to see a rebound in service revenue with low single-digit growth, along with flat to modest growth in earnings before interest, taxes, depreciation and amortisation by the end of the year. This is backed by disciplined capital spending of under RM1 billion, strategically directed toward key areas that support long-term growth and improved customer value. "We are actively building greater resilience in a dynamic market by strengthening our core operations and driving digital transformation," Goh added.
The Star
16-05-2025
- Business
- The Star
Maxis posts higher net profit of RM371mil, declares 4c div/share
KUALA LUMPUR: Maxis Bhd is anticipating its service revenue to return to low single-digit growth as well as flat to low single-digit earnings before interest, tax, depreciation and amortisation (Ebitda) by the year-end. To achieve this, the telco said it will keep to a disciplined capital expenditure under RM1bil, "strategically invested in key areas for long-term growth and enhanced customer value". This was in line with the company's efforts to build greater resilience via strengthening core operaitons and driving digital transformation, said Maxis CEO Goh Seow Eng in a press statement. On Friday, the telco reported its first-quarter result for 2025, registering a net profit of RM371mil as compared to RM353mil in the year-ago quarter on lower depreciation and net finance costs. Revenue was marginally higher at RM2.61bil from RM2.6bil in 1QFY24, while earnings per share share rose to 4.7 sen from 4.5 sen in the comparative quarter. A first interim dividend of four sen per share was declared for the quarter, with entitlement date set on June 3, 2025, and payable on June 20, 2025. During the quarter, Maxis said service revenuue was 0.9% lower year-on-year (y-o-y) at RM2.17bil due mainly to changes in commercial arrangement related to the telco's device protection programme. The consumer mobile segment's service revenue was down 2.6% to RM1.52bil in accordance to the commercial arrangements, in addition to seasonal fluctuations and lower internconnect rates. However, the consumer mobile segment grew its subscriber base by 3.7% to 9.77 million. In the consumer home segment, Maxis's revenue expanded 4.1% to RM254mil while home subscribers grew 2.9% to 787,000, amid the adoption of fibre broadband and customised offerings through bundled and value-added services. According to Maxis, the recent launch of its solar installation prgoramme, Maxis Home Solar, also strengthened its converged home proposition as it expanded access to renewable energy to households in Peninsular Malaysia. For the enterprise segment, Maxis recorded a 2.8% increase in service revenue y-o-y to RM398mil on higher mobile subscriptions and deliveries of fixed and solution services. Maxis said it maintained an operating free cash flow of RM883mil, with a strong cash balance of RM1.23bil as at 1Q25, supported by effective working capital management.
New Straits Times
14-05-2025
- Business
- New Straits Times
U Mobile confirms DNB exit, sells stake for RM100,000
KUALA LUMPUR: U Mobile Sdn Bhd has confirmed its exit from the shareholders' agreement (SHA) with Digital Nasional Bhd (DNB), divesting its entire 100,000 shares in the latter for RM100,000. The shares will be equally sold to CelcomDigi Bhd, Maxis Bhd and YTL Power International Bhd. U Mobile said this is in line with the company's transition as the country's newest 5G network provider. The telecommunciation company reaffirmed its commitment to roll out the nation's next-generation 5G network, targeting 80 per cent coverage of populated areas (CoPA) within 12 months. "U Mobile would like to assure customers that their 5G experience would not be impacted by their SHA exit as the company will continue to maintain a 5G wholesale access agreement with DNB. "This enables the company to offer commercial 5G services while deploying its own 5G network, ensuring a seamless 5G experience for its customers," it said in a statement. U Mobile, Maxis, CelcomDigi and YTL Power each held a 16.3 per cent stake in DNB, collectively owning a majority interest in the government-backed 5G infrastructure provider. Following U Mobile's exit, CelcomDigi, Maxis and YTL Power will each acquire 33,333 shares, increasing their stakes to 19.44 per cent, according to CelcomDigi and Maxis filings with Bursa Malaysia on Tuesday. MOF Inc's stake also increased to 41.67 per cent from 34.88 per cent previously. MOF Inc, CelcomDigi, Maxis and YTL Power agreed to vary certain terms of the shareholders agreement signed on June 28, 2024. The variation agreement is expected to be completed on May 30 this year.
