Jakarta, Indonesia – Axiata Group Bhd is to spend a hefty RM4.8bil to mainly strengthen its data segment services and offerings this year. The company has been reported to have 3.4% year-on-year growth in net profit to RM595mil for its final quarter ended Dec 31, 2014.

The regional telecommunications player, with a market capitalization of RM61.5bil, said the RM4.8bil was one of its highest annual capital expenditures to-date. It spent RM4.1bil out of the RM4.4bil allocated last year.

Reviews say the reason for this big jump is that Axiata is planning to go big on data services and offering....

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