@Kumbar, that is true. But the latest development is Axiata has a subsidiary, Edotco. Edotco specializes in building telecom towers. U-Mobile is awarded by MCMC to provide 2nd 5G telecommunication in Malaysia. U-Mobile in turn pick Edotco as their telecom tower provider. This will add extra revenue to Axiata.
I share what I found with you, guys.
I hope we all can make some money in Axiata.
If I am wrong, Axiata's share price will keep dropping. But its very unlikely.
Major fund managers have their own analysts. They do research and give their recommendations to their buyers & seller brokers.
Lets see how this play out.

You need to have a special phone for that... You need a satellite phone. Its huge. Heavy. You can kill a dog with it.

@Yike, its not cost effective. Why should we own our own satellite where we want to provide services to the most unhabitatable, secluded, remote area in Indonesia. Unlike Elon Musk, he thought he can provide this services around the world. That's different. He has volume. where Indonesia doesnt.

@Jegan, I am not working with Axiata. I have been in the market since 2008. Am ex O&G specialist. Commute to work by heli. Decided to quit my job and try my luck in KLSE.
One piece of advise for you. KEEP YOUR EMOTIONS ASIDE.
Behind Every Threat, there is an OPPORTUNITY.
Must put your brain to work, man.

@Yike, my dear friend. Anything that associates with Elon Musk gets burnt e.g. Tesla sales are down double digit %, ppl in US burn Tesla recharging stations, vandalizing Tesla showrooms NOT only in US but also in Italy. They even went further by replacing TESLA logo with T O Y O T A at the back of their Cybertrucks in the US.
Elon Musk associate himself with the Nazi & white extremists, Apartheid. Get far away from that junk, Starlink. Look at its specs. Its crude & slow. Starlink is DEAD.

@Jegan, relax. The management is laying their foundation at the moment. They are putting their money in all the right places.

In 5G alone, analysts estimate Edotco and Axiata can generate revenue 7bil-10bil for Edotco and 20-35bil MYR over 5 years. Telenor, Axiata's one of major shareholders has stakes in Celcom & Digi. U-Mobile's 5G implementation is backed by Telenor also provide it with technical expertise & financial support.

Vivek Sood, GCEO & MD of the COMPANY got onboard in 2021. Vivek Sood is of Indian nationality. He was from Telenor Group, Deutsche Telecom & Ericsson. He also has expressed his interest in acquiring some stakes in Axiata.

Sheyantha Abeykoon, a Sri Lankan, Chartered Management Accountant, obtained MBA from The Wharton School and undergraduate degree from the University of London. His expertise is in Digital services. He is the one who set up Boost Bank. Axiata, reported that Boost's Gross Transaction Value (GTV) exceeded RM5.6 billion in 2024, a significant increase from RM4.9 billion in 2021. Boost Bank is projected to break even in 3–5 years time. RHB Bank is Axiata's partner in Boost Bank.

@Kok Jong,
Edotco Group operates in 9 countries across Asia, including Malaysia, Indonesia, Bangladesh, and Cambodia and manages over 54,000 towers globally. Axiata Group is the majority shareholder of Edotco, holding approximately 62.4%, Khazanah Nasional recently acquired a 17% stake and a Japanese company, Mitsui & Co., Ltd., a prominent Japanese conglomerate, acquired a 16% stake in Edotco in 2019. This move aligns with their strategy to invest in high-growth sectors, particularly in digital infrastructure, which is critical for Malaysia's 5G rollout (with U-Mobile) and digital economy.

now you are talking about telkomsel is a threat, is it? This is just your another scare tactics.
The fact is telkomsel is a state-owned company. Its like RTM in Malaysia. Their aim is to provide their population with cheap affordable telecom. They are not profit oriented company.
Indonesia is an emerging country esp in Kalimantan. Their living standard is improving. They now can afford premium products. Many opportunities there.
If you want to short, its already too late..

Starlink satellite service is expensive. Starlink charges $45 (MYR210) per month while locals only charge 3x cheaper than Starlink. This means only mid to high income households & businesses can afford Starlink. Subscribers in remote areas are limited.
Starlink broadband speed is so SLOWWWWW.....
Telkomsel, Indosat Hutchison & XL Axiata are all focused on urban area which are more profitable with volumes.
Starlink collaborated with Telkomsel. They provide satellite services in rural areas to Telkomsel which I already mentioned in my comment above.

The telecom market in Indonesia is dominated by a few major players, including:
1 Telkomsel (owned by state-owned Telkom Indonesia): The largest player with over 170 million subscribers.

2 Indosat Ooredoo Hutchison: Formed by the merger of Indosat and Hutchison 3 Indonesia, it has over 100 million subscribers formed in 2021 through the merger of PT Indosat Ooredoo (majority-owned by Qatar’s Ooredoo Group) and PT Hutchison 3 Indonesia (H3I), a subsidiary of CK Hutchison Holdings, a multinational conglomerate controlled by billionaire Li Ka-shing, the same CK Hutchison recently agreed to sell its Panama Canal ports (via Hutchison Ports) to a BlackRock-led consortium for $22.8 billion

3 XL Axiata (partially owned by Axiata Group): A significant competitor with around 60 million subscribers.