In its Q3 financial report, Maxis has announced that the local telecommunications company’s 4G LTE coverage has now reached 55% of the population in Malaysia. The larger coverage surpasses Digi’s recent announcement earlier this month, where it revealed that its own 4G LTE coverage has hit the 50% mark.
Maxis had a strong Q3 2015, where service revenue grew 3.1% from Q2 2015 to RM2,158 million, which are the results of a 6% growth in prepaid and a 0.7% growth in postpaid. This growth is largely attributed to the greater adoption of mobile Internet among its users, where 9 million of them are now active mobile Internet users.
In Q3 this year, the local telco spent RM359 million on improving its 4G LTE network, which resulted in the 55% 4G coverage. Maxis also states that this coverage includes 95% of “key market areas”, and 60% of all state capitals in the country. In turn, the company expects more mobile Internet users in its subscriber base in 2016, compared to the 1.5 million 4G LTE users in the last 12 months.
Maxis CEO, Morten Lundal said:
“It was a strong quarter for Maxis. It’s amazing to see how Malaysians just love the Internet and we are working hard to ensure a superior “Always On” data experience. Maxis keeps investing more than anybody in order to provide our customers the best data network with a particular focus on LTE leadership.”
With local telcos finally getting serious about offering faster mobile Internet speeds for its users, Malaysian mobile Internet users would have plenty to look forward to as competition among the local telcos will naturally result in better services, coverage and of course, prices for mobile data.