Saturday, 25 February 2012

Maxis eyes new revenue streams

from Business Times

"More importantly, we want to see new revenue streams coming in this year. We are very excited about turning in a stronger financial performance this year," he said at a media briefing on the company's results. Revenue growth, he said, is expected to come from the rising demand for data from wireless broadband, Internet access and other non-voice services on the back of lower voice segment growth. Last year, the non-voice segment grew an impressive 17 per cent and made up 43.5 per cent of Maxis' total mobile services revenue. Sandip said the company is strengthening grip on future revenues, justifying its continued investment in the past two to three years in data infrastructure and partnerships. He said Maxis is expecting the government to grant the 4G LTE (fourth generation long-term evolution) technology very soon, adding that the company could spend close to RM1 billion over the next two to three years on the 4G LTE alone if it takes off. By Rupinder Singh

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