Global accolade for Axiata
Axiata Group has recently been named one of Asia's Best 50 Publicly-Traded Companies for 2011 by Forbes Asia magazine, the company said in a statement yesterday.
According to Forbes Asia, 50 companies, including Axiata, were picked from 1,073 to the latest Forbes Asia's Fabulous 50 list.
The Fabulous 50 list takes into account companies with at least S$3 billion in revenue or market capitalisation and five-year track records for revenue, operating earnings, return on capital, recent results, share price movements and outlook.
Axiata was the only Malaysian company that made it to this year's list.
The group has controlling interests in mobile operators in Malaysia, Indonesia, Sri Lanka, Bangladesh and Cambodia with significant strategic stakes in India, Singapore and Iran.
Forbes Asia said almost half of Asia's best companies were from China. Twenty-three Chinese companies made it to the list, up from 16 last year.
Axiata Group owns 70 percent of Robi Axiata Ltd, a mobile operator in Bangladesh.