axiata group berhad | annual report 2015
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5.
INCORPORATIONS, ACQUISITIONS, MERGERS, DISPOSALS AND DILUTIONS OF INTERESTS (CONTINUED)
(b) Incorporation, acquisitions, merger, disposal and dilutions of interests in the previous financial year (continued)
(ix) Acquisition of equity interest in Merchantrade Asia Sdn Bhd (“Merchantrade”)
On 20 November 2013, Celcomentered into a Shareholders’ Agreement (“SA”) and Share Subscription Agreement (“SSA”) withMerchantrade
and The Persons Described In Schedule 2 of both SA and SSA, namely Ramasamy a/l K. Veeran, Ravindra a/l Vamathevan, Ursine Holdings
Sdn Bhd, Sumitomo Corporation and Sumitomo Corporation Asia & Oceania Pte Ltd (formerly known as Sumitomo Corporation Asia Pte
Ltd) to boost the existing MVNO business and leverage on Merchantrade’s remittance business. Under the terms of the SSA, Celcom is to
subscribe 20.00% equity interest in Merchantrade via subscription of new ordinary shares to be issued by Merchantrade with the required
investment of RM20.0 million.
The acquisition of 20.00% equity interest in Merchantrade was completed on 8 December 2014. Effectively Merchantrade became a joint
venture of the Group.
The acquisition did not have significant impact to the Group in the previous financial year.
(x) Incorporation of edotco Investments (Labuan) Limited (“e.co Labuan”)
On 15 December 2014, the Group incorporated e.co Labuan, a private company limited by shares, under the Labuan Companies Act, 1990
with an issued and paid-up share capital of USD1,000 divided into 1,000 ordinary shares. The nature of business to be carried by e.co
Labuan is as an investment holding company.
The incorporation of e.co Labuan did not have significant impact to the Group in the previous financial year.
6.
OPERATING REVENUE
Group
Company
2015
2014
2015
2014
RM’000
RM’000
RM’000
RM’000
Mobile services
16,418,299
15,714,485
-
-
Interconnect services
1,221,636
1,317,165
-
-
Dividend income:
- Malaysia
-
-
1,101,406
2,945,333
- Overseas
-
-
-
6,393
Lease of passive infrastructure
170,999
258,580
-
-
Technical and management
services fees
-
-
48,142
42,821
Others*
2,072,526
1,421,547
-
-
Total
19,883,460
18,711,777
1,149,548
2,994,547
* Others include revenue from leased services, pay television transmission, sale of devices and other data services.
