Sustainability Reporting Awards – Platinum
Integrated Reporting Awards - Silver
Excellence Award for Corporate Governance Disclosure
Industry Excellence Award – Telecommunication & Media
edotco Group via its wholly-owned subsidiary, edotco Investments (Labuan) Limited (“edotco Labuan”), entered into a Share Subscription Agreement with Mr. Viphet Sihachakr and Mekong Tower Company Limited (“MTCL”) for the subscription by edotco Labuan of 25,600 ordinary shares of LAK500,000 each representing 80.00% of the enlarged issued and paid-up share capital of MTCL for a cash consideration of LAK12,800 million (equivalent to RM6.7 million). The subscription was completed on 21 June 2019 resulting in MTCL becoming a subsidiary of Axiata.
Apigate Sdn Bhd, a wholly-owned subsidiary of Axiata Digital, completed the incorporation of Apigate India Services Private Limited to carry out the Application Programming Interface (API) business in the State of Maharashtra, India.
Smart completed the incorporation of SmartLuy PLC, a public limited company to conduct business in relation to payment services in Cambodia.
The entire equity interest held by Axiata’s wholly-owned subsidiary, Axiata Investments (Singapore) Limited (“AIS”) in M1 Limited comprising 265,410,150 ordinary shares was disposed to Konnectivity Pte. Ltd (“Konnectivity”) upon AIS’ acceptance of the Voluntary Conditional General Offer made by Konnectivity on 27 September 2018 to acquire the said equity interest for a total consideration of RM1,649.3 million.
Mitsui & Co., Ltd. (“Mitsui”) invested in Axiata Digital for the subscription of 193,050 ordinary shares at the consideration of RM81.6 million or USD20 million representing 3.53% of the total issued and paid-up share capital of Axiata Digital. Subsequent to the said investment, the shareholding of Axiata Digital held by Axiata and Mitsui is 96.47% and 3.53% respectively.
Axiata’s wholly-owned subsidiaries, Axiata Investments 1 (India) (“AI1”) Limited and Axiata Investments 2 (India) Limited (“AI2”) which did not participate in the allotment of equity shares via the rights issue in Vodafone Idea Limited (“Vodafone Idea”) as offered on 10 April 2019 to them as its eligible shareholders, disposed their rights to third parties. This has resulted in a gain on disposal amounting to RM96.1 million or INR1,617.4 million.
edotco Group completed the acquisition of 437 ordinary shares representing 21.85% of the entire equity interest in edotco Holdings (Labuan) Limited (“edotco Holdings Labuan”) held by Southern Coast Ventures Inc. at a cash consideration of RM87.2 million or USD21.0 million. Effectively, edotco Holdings Labuan became a wholly-owned subsidiary of edotco.
XL entered into an agreement with Princeton Digital Group (Indonesia Alpha) Pte. Limited (“PDG”) to establish a new company, to transfer certain assets, sell subscription shares and partially leaseback such assets for a period of ten years which can be extended for the next five years.
A new company was established under the name of PT Princeton Digital Group Data Centres (“PDGDC”) based on Deed of Establishment No 13 dated 27 June 2019 as approved by the Minister of Justice of Republic Indonesia dated 1 July 2019.
The intended principal activity of PDGDC is to provide the information and communication service with the main business to develop hosting activities. The establishment of PDGDC was completed on 19 December 2019 with PDG and XL holding 70% and 30% of total PDGDC shares respectively.
Axiata Digital Capital Sdn Bhd (“ADC”), a wholly-owned subsidiary of Axiata Digital completed the incorporation of PT Axiata Digital Capital Indonesia (“PTADC”), an 85% owned by ADC and 15% owned by nominee appointed by Axiata Digital. PTADC will be the entity/platform for lending activities in Indonesia.
Robi completed the incorporation of RedDot Digital Limited (“RedDot”), a public company limited by shares, under the Bangladesh Companies Act (Act XVIII) of 1994. The principal activities of Red Dot are IT and ICT and to facilitate Robi’s non-Mobile Network Operator business activities.
Axiata via its wholly-owned subsidiary, AI2, completed the disposal of its entire equity stake comprising 247,265,873 shares which is equivalent to 0.86% stake held in Vodafone Idea.
Axiata via its wholly-owned subsidiary, AI1, completed a partial disposal of its equity stake in Vodafone Idea resulting into the Group’s equity shareholding in Vodafone Idea was reduced from 1.62% to 1.05%.
Dialog completed the incorporation of Dialog Network Services (Private) Limited (“Dialog Network Services”), a private company limited by shares, under the Companies Act No. 07 of 2007 of Sri Lanka (Act). The principal activities of Dialog Network Services are providing network development, operations and maintenance services.
edotco Group via its wholly-owned subsidiary, edotco Labuan completed the subscription of 260,204,082 common shares of PhP1.00 each representing 51.00% of the enlarged issued and paid-up share capital of ISOC Asia Telecom Towers, Inc. at a cash consideration of PhP260.2 million (equivalent to USD5.1 million/RM21.4 million).
Top 3 PLCs (Malaysia)
Top 50 ASEAN PLCs (Top 11 – 30)
Certificate of Merit – Axiata Integrated Annual Report 2017
Silver Award – Axiata Integrated Annual Report 2017
Best Stakeholder Engagement and Materiality
Headstart (Private) Limited (“Headstart”) became a 50.59% of Digital Holdings Lanka (Private) Limited, a wholly-owned subsidiary of Dialog via conversion of the last tranche of its bonds in Headstart subsequent to its initial conversion in 2015 resulting into its earlier 26% stake in Headstart.
ABS completed the incorporation of Axiata Global Services Pte Ltd to carry out regional Business-to-Business transactions including shared service support for Axiata Group.
Following the receipt by Celcom of an offer from the MCMC on the reissuance of the existing Spectrum Assignment in 1950MHz to 1965MHz and 2140MHz to 2155MHz for a period of 16 years effective from 2 April 2018, subject to price component payment of RM118.4 million being made in one lump sum before 1 February 2018 and annual fixed fee payment of RM50 million payable before 15 December 2018 throughout the assignment period, the price component fee in one lump sum was submitted by Celcom to the MCMC on this date.
With the non-participation by Axiata of the allotment by Idea of its 326,633,165 equity shares of face value of INR10 each (“Idea Shares”) at an issue price of INR99.50 per Idea Share aggregating to INR32.5 billion on preferential basis to several entities, Axiata Group’s shareholding in Idea was diluted from 19.7% to 18.1%.
Following further notification by Idea on the allotment of 424,242,424 Idea Shares at an issue price of INR82.50 per Idea Share aggregating to INR35 billion to eligible qualified institutional buyers in the Qualified Institutional Placement, Axiata Group’s shareholding in Idea was further diluted from 18.1% to 16.34%
Dialog Broadband Networks (Private) Limited, a wholly-owned subsidiary of Dialog, entered into a Shareholder Agreement on 16 March 2018 with St. Anthony’s Property Developers (Private) Limited to acquire through a primary issuance, a 35% equity stake in Digital Reality (Private) Limited for the purpose of establishing, operating and managing a data centre business in Sri Lanka.
edotco Malaysia Sdn Bhd (“edotco MY”), a wholly-owned subsidiary of edotco Group, entered into a Sale and Purchase of Shares Agreement with Utara Jernih Sdn Bhd and Mohd Azam bin Saad for the acquisition of 80,002 ordinary shares representing 80% of the issued share capital of Tanjung Digital Sdn Bhd (“TDSB”) for a total cash consideration of RM140 million.
edotco Pakistan Private Limited ("edotco PK") a wholly-owned subsidiary of edotco Group, obtained the approval of Pakistan Telecommunication Authority on the change of shareholding in edotco PK by way of subscription by Dawood Hercules Corporation Limited of 45% of its share capital.
With the completion of the exercise of the Mitsui Call Option in accordance with the terms of the Amended and Restated Shareholders Agreement (“ARSA”) between Axiata Investments (Cambodia) Limited (“AIC”), Southern Coast Ventures Inc. (“SCV”) and M&Y Asia Telecom Holdings Pte. Ltd. (“M&Y Asia”) dated 19 May 2017, AIC and M&Y Asia respectively held 72.5% and 20% in Axiata (Cambodia) Holdings Limited, the holding company of Smart with the balance 7.5% held by SCV.
Axiata Investments (Labuan) Limited (“AIL”) on 10 July 2018 completed the incorporation of Axiata Digital Labs (Private) Limited to function as Software Development and IT Enabled Services venture of Axiata Group.
AIL entered into a Share Purchase Agreement with Adnan Asdar Ali (“AA”) for the divestment AIL’s entire 89% stake in Multinet for a sum of USD1 on a cash free and debt free basis. AA is the current shareholder of Multinet holding the remaining 11% stake in Multinet.
Sumitomo Corporation (“Sumitomo”) on 20 July 2018 invested in Axiata Digital Advertising Sdn Bhd (“ada”), a subsidiary of the Company held via Axiata Digital, for the subscription of 3,334,017 shares at a consideration of RM81.2 million (USD20 million) representing 18.31% of total issued and paidup share capital of ada.
edotco MY completed the acquisition of the Sale Shares representing 80% of the issued share capital of TDSB resulted into TDSB becoming a subsidiary of Axiata.
Axiata Group unconditionally and irrevocably relinquished some of its rights under the Share Subscription Agreement dated 25 June 2008 between; inter-alia, Axiata Group and Idea in relation to subscription by Axiata Group of shares in Idea, the same having been duly acknowledged by Idea on even date (“Relinquishment of Rights”), which include, amongst others, the following:-
i) Rights to appoint Axiata representative as a Board member of Idea and to the Board Audit Committee of Idea, and
ii) Anti-dilution rights.
With the Relinquishment of Rights, Axiata Group ceased to have significant influence on Idea in accordance with applicable accounting standard which will result in:-
i) Idea being reclassified as a financial asset measured at fair value through other comprehensive income; and
ii) An estimated de-recognition loss for financial year ending 31 December 2018
The Sale and Purchase of the Shares (“SPA”) dated 30 August 2017 on the Proposed Acquisition of Deodar (Private) Limited (“Deodar”) has been terminated by Pakistan Mobile Communications Limited due to the nonfulfilment of the conditions precedent to the SPA; in particular, regulatory approval for the resulting change of control in Deodar contemplated under the SPA.
Consequentially, edotco Investments (Labuan) Limited (“edotco Labuan”) will not proceed with the Proposed Subscription under the Subscription Agreement with Dawood Hercules Corporation Limited of which the Subscription Monies was intended to partially fund the acquisition of Deodar.
AIL completed the divestment of its entire 89% stake in Multinet resulting in the cessation of Multinet as a subsidiary of Axiata.
Chairman Of The Year Award – Tan Sri Datuk Wira Azman Hj. Mokhtar Excellence Award For CG Disclosure Merit Award For Board Diversity
Masterclass Best Sustainability Report
2nd Runner Up
Silver Standard – 2015 Annual Report
CSR Company of the Year
Axiata Digital completed the incorporation of Axiata Digital eCode Sdn Bhd to carry out the business of researching and developing internet services and mobile applications.
edotco Group and Axiata entered into the following agreements-
- Share Subscription Agreement between edotco and Innovation Network Corporation of japan (INCJ) on the subscription by INCJ of up to 546,539,249 ordinary shares of RM1.00 each in edotco Group (edotco Shares) at a cash consideration of up to USD400.00 million; and
- Share Purchase Agreement between Axiata and Mount Bintang Ventures Sdn. Bhd. (MBVSB), a wholly-owned subsidiary of Khazanah for the purchase by MBVSB of 273,269, 624 edotco Shares at a purchase consideration of USD200.00 million.
Completion of private placements of edotco Shares equivalent to USD300.0 million and USD200.00 million to INCJ and Khazanah. Shareholders’ Agreement between edotco Group, Axiata, INCJ and Khazanah to govern the parties’ relationship in edotco Group became effective.
The Board of Directors of Idea Cellular Ltd approved the scheme of amalgamation of Idea and Vodafone India Limited and its wholly-owned subsidiary, Vodafone Mobile Services Limited with Idea (proposed merger).
edotco entered into a Share Subscription Agreement with Kumpulan
Wang Persaraan (Diperbadankan) (“KWAP”) for the subscription by
KWAP of 136,634,812 ordinary Shares in edotco (“edotco Shares”) at a
cash consideration of USD100.00 million (equivalent to RM440.95 million).
The private placement of edotco Shares to KWAP was completed.
Axiata Business Services Sdn Bhd (“ABS”), a wholly-owned subsidiary of Axiata, entered into a Share Sale and Purchase Agreement (“SSPA”) for the acquisition of 65% of the issued share capital of Suvitech Co., Ltd (“SCL”) at a consideration of up to USD11.05 million (equivalent to RM47.91 million) (“Proposed Acquisition of SCL”).
Axiata and its wholly-owned subsidiary, Axiata Investments (Cambodia) Limited (“AIC”), entered into a Share Purchase Agreement (“SPA”) with M&Y Asia Telecom Holdings Pte. Ltd. (“MY Asia”) and Mitsui & Co., Ltd. for the disposal by AIC of 226 ordinary shares of USD1.00 each in Axiata (Cambodia) Holdings Limited (formerly known as Glasswool Holdings Limited) (“ACH”), the holding company of Smart Axiata Co., Ltd. ("Smart"), a 82.5% subsidiary of Axiata, representing 10% of the total issued and paid-up share capital of ACH, for a total cash consideration of USD66.0 million (equivalent to approximately RM285.7 million) (“Initial Sale”).
Pursuant to the Initial Sale, AIC also entered into an Amended and Restated Shareholders Agreement (“ARSA”) with MY Asia and Southern Coast Ventures Inc. (“SCV”) to govern their relationship as shareholders of ACH which includes inter-alia, a call option to MY Asia for further 10% stake in ACH.
The disposal by AIC of 226 ordinary shares in ACH, the holding company of Smart, was completed.
AIC and MY Asia now respectively holds 82.5% and 10% interest in ACH, with the balance 7.5% held by SCV.
ABS completed the incorporation of Xpand Investments (Labuan) Limited (“Xpand Labuan”), a private company limited by shares in the Federal Territory of Labuan
Edotco Pakistan (Private) Limited ("edotco PK"), a wholly-owned subsidiary of edotco, entered into an Agreement for the Subscription, Sale and Purchase of Shares with Tower Share (Private) Limited (“TS PK”) and Tanzanite Tower Private Limited (“TTPL”) for the subscription of 899,900 ordinary shares of Rs.10 each in TTPL and acquisition from TS PK of the entire issued share capital of TTPL for a total cash consideration of USD90.0 million (equivalent to approximately RM385.4 million).
Adknowledge Asia Pacific Pte Ltd (“APAC”), an 80% owned subsidiary of Axiata Digital Advertising Sdn Bhd ("ADA") which in turn is a wholly-owned subsidiary of Axiata via ADS, incorporated a new subsidiary, Adknowledge Asia Philippines Inc. (“AAP”), a private company limited by shares, in Philippines. The incorporation of AAP was completed following the receipt by APAC on 12 July 2017 of the Certificate of Incorporation from Securities and Exchange Commission, Republic of Philippines.
edotco PK completed the acquisition of 100% equity interest in TTPL for a purchase consideration of USD88.9 million (equivalent to RM381.0 million) after adjustments provided under the terms of the Sale and Purchase Agreement ("SPA").
In accordance with the terms of the SPA, TTPL had on the Completion Date entered into a Share Pledge Agreement (“PA”) with HB Offshore Investments Limited (“HBOIL”), the owner of wi-tribe Pakistan Limited (“wi-tribe”), provider of wireless broadband services in Islamabad, Rawalpindi, Lahore, Karachi, and Faisalabad.
ABS through its wholly-owned subsidiary, Xpand Labuan, had completed the Proposed Acquisition of SCL.
edotco Investments (Labuan) Limited, a wholly-owned subsidiary of edotco, entered into a Subscription Agreement with Dawood Hercules Corporation Limited for the subscription of shares in edotco PK.
Dialog Axiata PLC, a 83.32% subsidiary of Axiata, acquired by way of stock trade crossing on Colombo Stock Exchange, a total of 37,374,598 ordinary shares of Colombo Trust Finance PLC from Cargills Bank Limited.
ADS completed the incorporation of Merchantrade Digital Services Sdn. Bhd. a private company limited by shares, to be used as the designated vehicle for the joint venture between ADS and Merchantrade Asia Sdn Bhd to carry out the business of digital financial services and solution provider.
Smart entered into following agreements:-
Convertible Loan Agreement with Sabay Digital Plus Co., Ltd (“SDP”) under which Smart will make available a loan facility of USD1.5 million to SDP which is convertible to ordinary shares in SDP (“SDP Shares”); and
Call Option Agreement with SDP and Sabay Digital Group Pte. Ltd. (“SDG”) for the acquisition of additional SDP Shares from SDG as follows:-
Such number of SDP Shares resulting with the aggregate number of SDP Shares held by Smart is equivalent to 30% of the issued and paid-up capital of SDP; and
All or part of the remaining issued and paid-up capital of SDP from SDG at a price to be agreed by the parties.
ADS completed the incorporation of Axiata Digital Bangladesh (Private) Limited (“ADB”), a private company limited by shares, in Bangladesh, to carry out an online ticketing business in Bangladesh.
ADA completed the incorporation of a new subsidiary, PT Axiata Digital Analytics Indonesia (“PTADAI”), a limited liability company in Indonesia, to carry out business of digital advertising and consumer analytics of ADS in Indonesia.
ADS completed the incorporation of a new subsidiary, PT Axiata Digital Services Indonesia (“PTADSI”), a limited liability company in Indonesia, to carry out the business of digital financial services of ADS in Indonesia.
ADS completed the incorporation of APIgate Sdn. Bhd. (“APIgate”) to carry out the business of developing Application Programming Interface ("API") and offering API services via API hub and portals software and mobile application.
Celcom Axiata Berhad, a wholly-owned subsidiary of Axiata, had completed the incorporation of On Site Services Sdn Bhd, to carry out the business of engineering and design, installation, testing and commissioning, network audit and optimisation for the telecommunication services industry and provision of telecommunication equipment and accessories.
Dialog for Best Mobile Network Solution for Serving Customers
Emas Status for Issuance of Sukuk
No 2 Best Managed Company in Malaysia
No 3 Most Committed to Corporate Governance in Malaysia
No 3 Best at Investor Relations in Malaysia
No 4 Best at Corporate Social Responsibility in Malaysia
No 1 Best CFO in Malaysia
Landmark three-party agreement reached between Celcom, Telekom Malaysia Berhad and its subsidiary Packet One Networks (Malaysia) Sdn Bhd to offer converged mobile and fixed broadband services.
Robi entered into an agreement with Bharti Airtel Holdings (Singapore) Pte. Ltd. (Bharti) for the merger of Robi with Airtel Bangladesh Limited (Airtel Bangladesh) on the terms set in the agreement and Companies Act 1994 of Bangladesh.
Celcom and Celcom Mobile received notices of spectrum reallocation from Malaysian Communications and Multimedia Commission (MCMC) for both the 900MHz and 1800MHz bands.
Acquisition of entire issued and paid-up capital of Reynolds Holdings Limited (Reynolds) which in turn holds 80% equity interest in Ncell was approved by Axiata shareholders at an Extraordinary General Meeting.
Axiata Digital completed the incorporation of AD Video Sdn Bhd to establish, maintain and operate internet-based multimedia services.
XL shareholders approved the establishment by XL Long Term Incentive Plan (LTIP) 2016-2020 for eligible employees and Directors of XL at an Extraordinary General Meeting of Shareholders.
WSO2.Telco Inc., a subsidiary of Axiata Digital, completed the incorporation of WSO2.Telco (Private) Limited in Sri Lanka to develop and provide support services to software technologies, products and solutions.
Completion of acquisition of edotco Pakistan (Private) by Axiata Investments (Labuan) Limited, a wholly owned subsidiary of Axiata.
Completion of the acquisition of Ncell
Axiata Digital completed the incorporation of VM Digital (Thailand) Co. Ltd., to operate telecommunications and all types of communication businesses.
XL entered into a Dead of Establishment with PT Indosat Tbk for the establishment of a joint venture, PT One Indonesia Synergy Tbk.
Axiata shareholders approved the establishment of Axiata’s new LTIP replacing the existing LTIP which will expire in April 2019. The new LTIP is for a period of ten years from the effective date of the LTIP.
XL received the ‘Dissolution Certificate’ from Labuan Financial Services Authority for its wholly-owned subsidiary companies, namely, GSM One (L) Limited (GSM One) and GSM Two (L) Limited (GSM Two).
Robi and Bharti extended the agreement on the merger of Robi with Airtel Bangladesh until 26 September 2016.
Axiata completed the incorporation of Axiata Business Services Sdn Bhd to provide international carrier services, global communications products, managed information, communications and technology and Internet-of-Things.
Celcom received Letter of Offer from the MCMC in respect of the allocation of 2x10MHz of 900MHz and 2x20MHz of 1800MHz bands effective 1 July 2017.
High Court Division of the Supreme Court of Bangladesh approved the Scheme of Amalgamation for the merger of Robi with Airtel Bangladesh subject to certain conditions.
Axiata’s new LTIP Axiata became effective after all required approvals obtained and compliance of the requirements pertaining to the new LTIP.
Celcom received the letter from the MCMC granting Celcom and Celcom Mobile the full settlement of spectrum fees amounting to RM816.75 million.
edotco Investments (Labuan) Limited (edotco Labuan), a wholly-owned subsidiary of edotco Group, entered into a Sale and Purchase Agreement with YSH Finance for the acquisition of 250,000 ordinary shares in the share capital of edotco Investments Singapore Pte Ltd, the parent company of edotco Myanmar Limited (edotco MM) representing 12.5% of the options over these shares, at a cash consideration of USD35.0 million.
Robi obtained the extension from the High Court Division of the Supreme Court of Bangladesh for the registration of the Scheme of Amalgamation for the merger of Robi-Airtel Bangladesh with Registry of Joint Stock companies for a period of 4 weeks from 9 November 2016 to 9 December 2016.
Robi registered the Merger Filing with the Registry of Joint Stock Companies. Pursuant to the above and in accordance with the agreement, the merger of Robi with Airtel Bangladesh is effective.
edotco Labuan completed the incorporation of Edotco Towers (Bangladesh) Limited.
Dialog completed the incorporation of Dialog Business Services (Private) Limited to provide Business Process Outsourcing services including call centre.
Axiata and edotco Group entered into a binding term sheet with INCJ and Khazanah for private placement of edotco shares.
Completion of the acquisition of additional 12.5% stake in edotco MM. edotco Group now holds 87.5% interest in edotco MM.
Environmental, Social and Governance (ESG) Practices
Top 10 Corporate Governance Disclosure Merit Recognition Award
Exemplary AGM Conduct & Minutes
Dato’ Sri Jamaludin Ibrahim, President and Group CEO
Smart for Asia Pacific Emerging Market Telecom Service Provider 2015
Best Sustainability Report
Axiata, through its wholly-owned subsidiary, Axiata Digital Advertising Sdn Bhd completed the subscription of its 80% stake in Adknowledge Asia Pacific Pte. Ltd. (“AAP”).
In relation to the entry by Axiata Investments (Labuan) Limited into the Sale and Purchase Agreement (SPA) for the acquisition of the entire issued share capital of edotco Pakistan (Private) Limited, the parties to the SPA agreed to extend the period to satisfy all conditions precedent of the SPA from 31 January 2015 to 31 May 2015.
Axiata Digital entered into a Subscription and Stockholders’ Agreement with WSO2 and WSO2.Telco, Inc. for the subscription by Axiata Digital of the following shares in WSO2 Telco and to govern their relationships in WSO2 Telco.
Adknowledge Asia Pacific Pte. Ltd., an 80% subsidiary of Axiata Digital Advertising Sdn Bhd, a wholly-owned subsidiary of Axiata Digital Services Sdn Bhd, which in turn is a wholly-owned subsidiary of Axiata Group Berhad, entered into a Sale and Purchase Agreement with Komli Media, Inc for the acquisition of the entire issued share capital of Komli Asia Holding Pte.Ltd. at a cash consideration of USD11.25 million.
Celcom and MYEG are currently in the exploratory stage on the areas of collaboration between the Parties and has agreed to extend the MOU further for another period of 1 year.
edotco Group Sdn Bhd, a wholly-owned subsidiary of Axiata entered into a Share Purchase Agreement with Digicel Group Limited to acquire a 75% equity interest in Digicel Asian Holdings Pte Ltd., the parent of Digicel Myanmar Tower Company Limited.
PT XL Axiata Tbk, a 66.43%-owned subsidiary of Axiata listed on the Indonesia Stock Exchange (IDX) (formerly known as Jakarta Stock Exchange), announced its plan to establish the Sukuk Programme.
edotco Group Sdn Bhd completed the acquisition of 75% equity interest in Digicel Asian Holdings Pte Ltd, the parent of Digicel Myanmar Tower Company Limited.
Axiata Investments (UK) Limited, a wholly-owned subsidiary of Axiata entered into a sale and purchase agreement and other ancillary agreements with the parties for the acquisition of the entire issued and paid-up capital of Reynolds Holdings Limited for a total cash consideration of approximately USD1,365.1 million (equivalent to approximately RM5,907 million).
Best Telecom Group 2014
Best Sustainability Report, Runner-up
Malaysia's Outstanding CEO 2014, Dato Sri Jamaludin Ibrahim Best CR Initiative, 3rd Place
Top 5 Corporate Governance - Overall Recognition Exemplary Environmental, Social and Governance (ESG) Practices CEO of the Year, Dato' Sri Jamaludin Ibrahim
Best Designed Annual Report, Silver Award
Film Craft Cinematography, Bronze Kancil
Celcom extended the duration of the Network Collaboration Agreement (NCA) with DiGi Telecommunication Sdn Bhd for a further period of 3 years effective 18 January 2014 and the Parties will continue to carry on the intents and purposes of the network collaboration to realise its full benefits, as seen in the recent developments on network infrastructure collaboration.
Axiata completed the incorporation of Axiata Digital Services Sdn Bhd, a private company limited by shares, under the Companies Act 1965.
The proposed acquisition by XL of PT Axis Telekom Indonesia (Axis) was completed. Axis was further merged into XL as a single entity. The merger between XL and Axis was completed on 8 April 2014.
Axiata entered into an agreement with Samart Corporation Public Company Limited to dispose of its entire shareholding in SAMART i-Mobile representing 24.08% of the total issued and paid-up share capital of SAMART i-Mobile for a total gross consideration of BHT2,874.7 million. The disposal was completed on 30 July 2014.
XL entered into an Asset Purchase Agreement with PT Solusi Tunas Pratama Tbk for the disposal of 3,500 of its telecommunication towers at the consideration of IDR5.6 trillion. The disposal was completed on 23 December 2014.
Axiata completed the incorporation of Axiata Digital Advertising Sdn Bhd (ADA), a private company limited by shares, under the Companies Act, 1965.
Dialog Axiata Tbk, an 83.32%- owned subsidiary of Axiata Group Berhad, completed the incorporation of Digital Holdings Lanka (Private) Limited, a private company limited by shares, under the Companies Act, No. 7 of 2007.
ADA, a wholly-owned subsidiary of Axiata Digital Services Sdn Bhd which in turn is a wholly-owned subsidiary of Axiata, entered into a Subscription and Shareholders’ Agreement with Adknowledge International, Inc and Adknowledge Asia Pacific Pte Ltd (AAP) for the subscription of an 80% equity stake in AAP by ADA for a cash investment of up to USD9.0 million.
Axiata completed the incorporation of edotco Investments (Labuan) Limited, a private company limited by shares, under the Labuan Companies Act, 1990.
AIL a wholly-owned subsidiary of Axiata, entered into a Sale and Purchase Agreement for the acquisition of the entire issued share capital of Edotco Pakistan (Private) Limited.
PT XL Axiata Tbk completed the disposal of its 3,500 telecommunication towers to PT Solusi Tunas Pratama Tbk.
Best Telecom Group 2013
Dato’ Sri Jamaludin Ibrahim
Dato' Sri Jamaludin Ibrahim
Best Islamic Deal, Malaysia
Cross Border Deal of the Year 2012
Most Outstanding Islamic Product
Top 3 Corporate Governance Transparency Award
Top 5 Overall Corporate Governance Award
Best Conduct of Annual General Meeting Award
Industry Excellence Award – Telecommunications
NACRA Merit Award
Silver Award Best Asian and South Pacific Legal
DBN, a subsidiary of Dialog, completed the acquisition of Sky Television and Radio Network (Private) Limited (Sky TV) at a consideration of SLR800 million (equivalent to USD6.35 million). In accordance with the SPA, Sky TV was amalgamated with DBN on 3 July 2013.
XL entered into a joint venture with SK Planet Co Ltd and SK Planet Global Holdings Pte Ltd by incorporating a new limited liability company, PT XL Planet Digital Tbk.
Celcom entered into a Master Collaboration Agreement with Altel Communications Sdn Bhd for the purpose of collaborating to develop, establish, build, operate and manage shared infrastructure for the provision of communication services in Malaysia.
Celcom entered into a one-year Memorandum of Understanding with MY E.G. Services Bhd to jointly explore possible business opportunities and collaboration in the areas of e-Government services delivery and joint go-to-market for specific target market segments.
XL entered into a conditional sale and purchase agreement with Saudi Telecom Company (STC) and Teleglobal Investments B.V., a 100%-owned subsidiary of STC, to purchase (or procure the purchase of) the entire issued share capital of PT Axis Telekom Indonesia, a 100%-owned subsidiary of STC, for a total cash consideration of USD865 million based on Axis’s 100% enterprise value (on a cash free and debt free basis).
Celcom completed the divestment of its entire stake in Celcom Childcare Sdn Bhd to Early.
Axiata announced key appointments in edotco Group, Axiata Group Chief Financial Officer, James Maclaurin vacates his post to move to a new strategic business unit, edotco, as Chief Executive Officer. Joining him were Nashad Emir and Thivanka Rangala, both internal talent from within the Group, as Chief Operating Officer and Chief Financial Officer. The appointments which took effect from 1 January 2014, were part of the Group’s Talent Management Programme, where identified talent is rotated and moved across OpCos for exposure and experience in different Axiata companies and markets.
Best Telecom Group 2012
2012 BCG Southeast Asia Challengers
Asian Corporate Giants 2012 Listing – Top 10
Emas Status for Issuance of Sukuk
Best Islamic Finance Deal 2012
Most Innovative Deal 2012
The Best Deal of the Year 2012 in Southeast Asia
Cross Border Deal of the Year 2012
Launched AYTP, a developmental scholarship for young Malaysians, going beyond academics. Axiata will be investing at least RM100 million towards the programme via the Axiata Foundation
Axiata together with the Badminton Asia Confederation (BAC) and Total Sports Asia (TSA), announced the Axiata Cup, the world’s richest prize money team event of USD1 million.
ATC was granted a 30-year tower operating licence from the Government of Cambodia.
Axiata completed the incorporation of Axiata SPV2 Berhad, a public company limited by shares, under the Companies Act, 1965.
Etisalat, divested 9.1% of their shares in XL through an accelerated book build offering to institutional investors. This led to an increase in XL’s public float from 20.2% to 33.5%. XL continued its focus in the data business and invested further in end-to-end network and infrastructure, with more than 11,000 new BTS successfully installed in 2012.
Hello completed the incorporation of Axiata Towers (Cambodia) Company Limited (ATC) (now known as edotco (Cambodia) Co., Ltd), a private company limited by shares to undertake activities and operations related to telecommunications infrastructure.
Axiata successfully priced its inaugural issuance of a 2-year RMB1 billion Sukuk via its wholly-owned Malaysian incorporated special purpose vehicle, Axiata SPV2 Berhad. The Sukuk issuance is issued under Axiata’s Multi-Currency Sukuk programme with an aggregate nominal value of up to USD1.5 billion or its equivalent in other currencies.
Axiata was accorded the ‘Emas’ status by Bank Negara Malaysia for its inaugural issuance of a two year RMB1billion Sukuk.
Axiata completed the incorporation of Axiata SPV3 Sdn Bhd (now known as edotco Group Sdn Bhd), a private company limited by shares, under the Companies Act, 1965.
Robi, via Axiata Investments (Labuan) Limited, incorporated a new subsidiary, Bangladesh Infrastructure Company Limited (now known as edotco Bangladesh Co. Ltd), a public company limited by shares, under the Companies Act, 1994 of the Republic of Bangladesh.
Dialog entered into an investment agreement for the acquisition of 26% equity interest in Digital Commerce Lanka (Private) Ltd. (Digital), after which Digital became an associate of the Group
Axiata and its wholly-owned subsidiary, AIC entered into an SPA with Timeturns Holdings Limited to acquire Glasswool, the sole owner of Latelz (now known as Smart Axiata Co., Ltd). The operations of Hello and Latelz were merged as one combined entity, operating under the brand name ‘Smart’. On 19 February 2013, the acquisition and the transfer of Hello’s telecommunications business and assets were completed.
BrandLaureate CEO of the Year 2010-2011
Best Telecommunications Group of the Year
Best Conduct of AGM
Best Regional Mobile Group
Celcom entered into a network collaboration with DiGi Tel to jointly implement the proposed long-term collaboration of sharing network infrastructure in Malaysia.
Axiata introduced a new landmark to the KL Sentral skyline, ‘Prisms by Axiata’, an 83 feet steel sculpture by renowned Malaysian sculptor, Ramlan Abdullah.
The first cohort of students were selected under the Axiata Young Talent Programme.
Celcom entered into an MoU with TM on a strategic collaboration to provide fixed and mobile solutions covering high speed broadband services via wholesale long term lease from Celcom’s network and MVNOs.
Celcom entered into a shareholders agreement with 23 other parties to form a consortium under the name of ‘Konsortium Rangkaian Serantau Sdn Bhd’ to implement an entry point project for the purpose of adding bandwidth capacity for Malaysia in anticipation of the increasing demand.
Dialog entered into a shareholders agreement with Firstsource Solutions Limited (FSL) for the establishment of a joint venture company for the provision of Information Technology Enabled and business process outsourcing services in Sri Lanka and also for the international market.
The Group entered into an SPA with Telecommunication Company of Esfahan (MTCE) on the disposal of its entire shareholding in MTCE representing 49% of the total issued and paid up share capital in MTCE. The disposal was completed on 2 January 2013.
Celcom entered into a shareholders’ agreement with PLDT Global Corporation and PLDT Malaysia Sdn Bhd to collaborate in establishing MVNO services for the Filipino community in Malaysia.
Dialog entered into share purchase agreement with the shareholders of Suntel Ltd for the acquisition of the entire ordinary shares in issue in Suntel Ltd.
Best Telecom Group of the Year
CEO of the Year: Service Provider
Telecom CEO of the Year
Best Regional Mobile Group
TMIC changed its name to Hello Axiata Company Limited.
With the completion of the merger between Spice and Idea, Axiata through TMI Mauritius and TMI India increased its stake in Idea to 19.1%.
AxB launched their new identity carrying the Axiata logo, ‘the prism’ under a new name ‘Robi’.
Axiata SPV1 issued USD300 million aggregate principal amount of 5.375% Notes Due in 2020 guaranteed by Axiata payable semi annually in arrears on 28 October each year commencing 28 October 2010 (Notes). The Notes were listed and quoted on the Stock Exchange of Hong Kong Limited on 29 April 2010 and the Labuan International Financial Exchange on 7 May 2010.
Indocel reduced its shareholding in XL to 66.69% through the exercise of an international private placement of 19.8% in XL in order to increase public shareholding spread of XL shares.
M1 changed its name to M1 Limited.
Axiata and Celcom entered into an MoU with Digi Tel, a wholly owned subsidiary of DiGi and Telenor Asia Pte Ltd, a major shareholder of DiGi, to explore the viability of sharing network infrastructure.
Celcom placed out RM4.2 billion nominal value unrated Sukuk with tenures ranging from five to ten years under a private offering to the Employees Provident Fund Board, CIMB Islamic Bank Berhad and Malayan Banking Berhad
Axiata completed the sale of its entire stake of 18.9% in Samart to existing shareholders, Mr. Charoenrath Vilailuck and Mr. Watchai Vilailuck.
Best Telecom Group of the Year 2009
Gold Award in the Best Designed Annual Report category
Best Secondary Deal of the Year 2009 in Southeast Asia
TMI changed its name to Axiata Group Berhad.
Axiata unveiled its new brand identity.
TMIB changed its name to Axiata (Bangladesh) Limited.
Indocel increased its shareholding in XL to 86.49% pursuant to a rights issue.
XL changed its name to PT XL Axiata Tbk.
Celcom changed its name to Celcom Axiata Berhad.
TMI was demerged from TM, resulting in the acquisition of 100% stake in Celcom and 51.0%
stake in SunShare. TMI also acquired 16.81% and 49% additional stakes in XL and SunShare
respectively from Khazanah.
TMI was listed on the Main Board of Bursa Malaysia Securities Berhad
TMI India through TMI Mauritius acquired a 14.99% stake in Indian cellular company Idea and
announced a merger of Spice with Idea.
A.K. Khan & Company Limited and affiliates disposed its entire stake in TMIB, equivalent to
30% of issued and paid-up share capital, to NTT DoCoMo, INC.
TMI through TMI Mauritius increased its stake in Spice to 49% as a result of the mandatory
general offer of Spice undertaken as part of the Spice-Idea merger, which has yet to be
Indocel increased its shareholding in XL to 67.0% by a purchase of additional shares from AIF (Indonesia) Ltd.
Spice was listed on the Bombay Stock Exchange. Due to the issuance of new shares by Spice in its IPO, TMI state was reduced to 39.2%.
Dialog acquired the remaining 10.0% of the total issued and paid-up share capital in Dialog TV, which resulted in Dialog TV becoming wholly-owned by Dialog.
TMI, through TMIL, entered into a shareholders' agreement with Etisalat Indonesia in relation to the acquisition of 15.97% equity interest in XL by Etisalat Indonesia from Bella Sapphire Ventures Ltd.