AXIATA

KUALA LUMPUR -- The Axiata Axis Capital Group, Asia's leading telecommunications operator, is planning capital expenditures worth 4.8 billion ringgit ($1.3 billion) this year. The money will primarily be used to boost the group's data services... Axiata's net profit contracted 8% to 2.3 billion ringgit on revenue of 18.7 billion ringgit. The group blamed the results on "system related issues" at its Malaysian operations... Axiata's other subsidiaries in the region posted healthy income growth, aided by a surge in data business and smartphone penetration.

Also known as: Axiata Axis Capital Group