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Wednesday, December 21, 2011

Axiata Group Berhad Continues Winning Streak with Frost & Sullivan 2011 Asia Pacific ICT Award for Best Telecom Group for the third consecutive Year

Kuala Lumpur, Malaysia, 07/20/2011 - Axiata Group Berhad ("Axiata") has been named 'Frost &Sullivan's 2011 Asia Pacific ICT Award Best Telecom Group of the Year', for the third consecutive year -

This is a prestigious award determined by a high-level and respected panel of telecom experts from all over the world. The honours follow on from the Group's recent sweep at the Telecom Asia awards, where three awards in total were picked for the Group.

Axiata Group took home four awards in total with PT XL Axiata Tbk ("XL") winning the 'Wireless Service Provider of the Year' and 'Service Provider of the Year'. Alongside these, XL's President and Director, Hasnul Suhaimi, was given the prestigious individual award of 'CEO of the Year: Service Provider' award.

To qualify for the awards, companies were studied on their revenues, market share, capabilities and overall contribution to the industry.

Dato' Sri Jamaludin Ibrahim, President and Chief Executive Officer of Axiata said,"We are delighted and it is a great honour to be accorded this recognition. It is a testament to the hard work and effort we have put in to meet the needs of our over 168 million customers across the region."

Marc Einstein, Industry Manager Asia Pacific ICT Practice, Frost & Sullivan said,"Axiata had another outstanding year in 2010, reporting US$5.1bn in revenue which led all industry peers with a growth rate of 17.3% from 2009. The company also reported a significant increase growing from 5.1 percentage points from 2010 in EBITDA margin to reach 45.2%. Axiata's growth was driven by XL in Indonesia who was able to record 27.0% revenue growth and an 8 percentage point increase in EBITDA margin to 52.7%".

"The awards reflect the great team that we have with us and are really a collective victory to be fully shared with all our employees. I also congratulate all XL employees and in particular Pak Hasnul, for his strong and creative leadership. XL had a fantastic 2010 and the awards are testament to this. I also have to thank our stakeholders, especially the customers throughout the region. We will continue to build on our strengths as a pan-Asian carrier, providing world-class telecommunications services to customers across the region" Dato' Sri Jamaludin Ibrahim concluded.