Saturday 21 May 2022

Dial V for Vanquished or V For Victory. Axiata Group Bhd's : One Man Come in the Name of Love

is the 1976 formed U2 ' s maiden US top 40 hit,  taken from the Irish band's  1983 album WAR.  The Rolling Stone Magazine  ranked the song at 378 on its list of "The 500 Greatest Songs of All Time".

A WAR is  what  Axiata Group Bhd /Axiata Celcom is planning for.  And all this is partly for the alphabet V . V is neither  Victory  or Vanquished ,  rather the V Axiata is having nightmaresbpn  is the V that stands for VIRTUAL.

In the name of love
One man come in the name of love
One man, he come and go
One man comes he to justify
One man to overthrow

UP till today,  Axiata Celcom  is a Mobile Network Operator (MNO) but the moment they sign up with the Government  sponsored Digital Nasional Bhd,  Axiata Celcom will become a Mobile  VIRTUAL Network Operator  (MVNO). READ : What is the difference between a mobile network operator and a mobile VIRTUAL Network Operator.

AS a MVNO,  Celcom will have to really compete and not be given a  free lunch on a silver platter. This is something that frightens the day lights of the highly paid people at Axiata Group Bhd.

ESPECIALLY  since Axiata Group"s  debt has been rising ,  while it's cash reserves are dwindling  almost every quarter.  As  at December  31 2021Axiata's  net debt after minusing its RM6.75 billion cash reserves stood at RM12.4  billion.

IN  the quarter before that,  Axiata'  net debt stood at RM10.7 billion,  meaning in just 3 months,  Axiata's  net debt grew by RM1.7 billion which translates to daily net debt increase of RM18 million a day , every day.

AND why is this so?  Well as at end of trading on Friday,  Axiata's had a net liability of RM37.5 billion while the company's market value stood at RM29.5 billion.

WHAT does all these mean to us the consumer.  Frankly speaking,  they want to kill off Digital Nasional Bhd in its current form,  so that WE,  the consumer continue paying through our noses