International roaming to phase out upon AEC integration, Axiata

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KUALA LUMPUR (Apr 27): International roaming would phase out on integration of ASEAN Economic Community (AEC), Axiata Group Bhd president and chief executive officer Datuk Seri Jamaludin Ibrahim projected.

"We would not be seeing international roaming upon the AEC integration, because I believe voice will be getting cheaper eventually," he told theedgemarkets.com at the sideline of the 12th ASEAN Leadership Forum today.

Jamaludin also said he was not worried that the AEC integration would be threatening to Axiata (fundamental: 0.85; valuation: 1.1) as it already had established its presence in the ASEAN region.

"I think we are moving ahead of AEC, and upon integration, I believe the group could augur well with it," he added.

Axiata is currently the second largest telecommunications group in ASEAN behind Singapore Telecommunications Ltd by subscriber base.

As at 10.46am, the group was trading at RM6.89 per share, down ten sen or 1.43%, with 2.78 million shares traded, valuing the group at RM60.13 billion.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)