Maxis still gains revenue despite losing 377k subscribers in 4Q15

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Maxis still gains revenue despite losing 377k subscribers in 4Q15 

Maxis Berhad has revealed its quarter four 2015 (4Q15) financial results earlier last week. The Malaysian Telco now has a total of about 11.6 million subscribers, it suffered a 377 thousand revenue generating subscribers drop in Q4 from 12 million in 3Q15. It is learned that Maxis had 12.2 million subscribers in Q215. 

Maxis drops from 8.9 million to 8.5 million revenue generating prepaid subscribers in 3Q15. 19k postpaid subscribers left the telco in the fourth quarter which ended up with 2.8 million.

Maxis mobile Internet users in 4Q15 down from 9 million in 3Q15 to 8.8 million. There are more than 2.8 million 4G LTE devices in the network. Smartphone users in the network include 76% of postpaid accounts and 67% prepaid.

Maxis still hold the widest 4G LTE network in the country with 71% coverage nationwide measured at a minimum -98dBm. Its 4G LTE network offers an average speed of 20Mbps outdoor and 10Mbps indoor, based on its report.

The current Maxis network coverage (statistic) are as below:

  • 4G LTE: 71%
  • 3G: 92% (from 91% in Q315)
  • 2G: 96% (from 95% in Q315)
  • 2G & 3G Network Modernisation: 88%

Its service revenue for Q4 2015 grew 0.1% to RM2,160 million from Q3 2015. Maxis registered an Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) of RM1,121 million and a service revenue EBITDA margin of 51.8% against RM1,111 million and 51.6 % in 3Q15. Normalised Profit After Tax (PAT) for the quarter dropped -6.5% to RM477 million against RM510 million recorded in the preceding quarter.

SOURCE Malaysian Wireless