Investors

Further to the announcement dated 30 August 2016 in relation to the spectrum assignment, Axiata wishes to announce that its wholly-owned subsidiary, Celcom Axiata Berhad (“Celcom”) had on 31 October 2016 received the letter from the Malaysian Communications and Multimedia Commission (“MCMC”) granting Celcom and its wholly-owned subsidiary, Celcom Mobile Sdn Bhd (“Celcom Mobile”) the full settlement of spectrum fees amounting to RM816.75 million by this financial year.

After considering the reinvestment opportunities, Celcom will be funding the spectrum fees mainly through its internal generated funds and existing Sukuk program. 

The borrowings are not expected to have any material impact on Axiata’s consolidated earnings, earnings per share and net assets. The gearing level, net debt-to-EBITDA of Axiata, will be below 2.0x.

All other conditions contained in the Letters of Offer dated 30 August 2016 in respect of the spectrum assignment remain the same. Celcom and Celcom Mobile had today, submitted to MCMC, acceptance of the 900MHz and 1800MHz spectrum assignment with the above payment terms.

The announcement is dated 2 November 2016