Latest news for Axiata Gr (OTC:AXXTF) Stock

Axiata Group Bhd is a telecommunications company. The business segments of the company are 1) Mobile segment includes the provision of mobile services and other services such as the provision of interconnect services, sale of devices, pay television transmission services, broadband services and digital business and others. 2) Fixed broadband segment is engaged in the broadband and broadcasting business. 3) Infrastructure segment is engaged in the provision of telecommunication infrastructure and related services. 4) Others comprise investment holding entities, financing entities and other operating companies providing other services including digital business and fibre optic transmission. The company has a presence in Malaysia, Indonesia, Bangladesh, Sri Lanka, Nepal, and Cambodia.

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Axiata, Telenor Partner To Merge Malaysian Operations In $12.1B Deal: Report

Axiata Group Bhd

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Piper Sandler analyst Patrick Moley reiterates Riot Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) with a Overweight and maintains $23 price target.

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Piper Sandler Reiterates Overweight on Riot Platforms, Maintains $23 Price Target

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Q1 and Full Year 2025 Current Outlook
First quarter 2025 financial outlook:
<ul>
<li>Revenue between $610 and $620 million</li>
<li>Non-GAAP diluted EPS between $1.25 and $1.35</li>
</ul>
Full year 2025 financial outlook:
<ul>
<li>Revenue between $2.4 to $2.5 billion</li>
<li>Non-GAAP diluted EPS between $5.20 to $5.60</li>
</ul>

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ITRI

Itron Expects FY25 Revenue Of $2.4B-$2.5B Vs $2.45B Est, Adj EPS Of $5.20-$5.60 Vs $4.97 Est

Jabil's world-class manufacturing expertise, Apollo's mass manufacturable design, and the promise of robots building robots will enable the flywheel needed for the mass adoption of humanoid robots.

Jabil Collaborates With Apptronik To Scale Production Of Apollo Humanoid Robots And Deploy In Manufacturing Operations

On Tuesday, <a target="_blank" href="https://www.benzinga.com/topic/alibaba" rel="noreferrer noopener">Chinese e-commerce firm</a>&nbsp;Alibaba Group Holding&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) showcased its next reasoning model, QwQ-Max. This model could rival industry-leading competitors, including OpenAI&#8217;s o1 and&nbsp;DeepSeek&#8217;s R1.
The Qwen team said that QwQ-Max-Preview is free on the Qwen chatbot website, SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3300018/alibaba-previews-new-ai-reasoning-model-challenge-deepseek-r1-openai-o1" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/02/43884588/alibaba-leads-china-stock-rally-as-deepseeks-ai-breakthrough-and-xis-support-boost-investor-confidence" rel="noreferrer noopener">US Listed China Stocks Rally: Alibaba&#8217;s Performance, President Xi&#8217;s Support, DeepSeek AI Boost Investor Confidence</a>
The company&#8217;s release of QwQ-Max-Preview coincided with&nbsp;the DeepSeek campaign to make five of its code repositories public.
Qwen&#8217;s latest reasoning model is part of an AI system replicating how humans think, make decisions, and solve problems. The Qwen team said it would open-source its coming QwQ-Max model and the base version of Qwen 2.5 Max.
On Monday, Alibaba <a target="_blank" href="https://www.benzinga.com/markets/25/02/43906541/alibaba-to-invest-a-massive-53-billion-in-ai-infrastructure-taking-on-trumps-stargate-ai-plan" rel="noreferrer noopener">committed&nbsp;$53 billion</a> to cloud and AI infrastructure&nbsp;over the next three years.
Alibaba plans to release smaller open-source reasoning models as demand rises for lightweight and resource-efficient solutions.
<a target="_blank" href="https://www.benzinga.com/25/02/43931074/chinese-tech-giants-like-tencent-alibaba-and-bytedance-rush-to-buy-nvidias-h20-ai-chips-as-deepseeks-low-cost-models-fuel-massive-demand-surge" rel="noreferrer noopener">Chinese tech giants</a>&nbsp;Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>),&nbsp;Alibaba, and&nbsp;ByteDance have increased orders for&nbsp;Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;H20&nbsp;AI chips.
Benchmark&#8217;s Fawne Jiang raised his price target on Alibaba, <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/02/43888574/alibabas-ai-expansion-e-commerce-growth-reinforce-bullish-analyst-outlook" rel="noreferrer noopener">citing AI growth</a> and e-commerce rebound.
Price Action:&nbsp;BABA stock is up 4.45% at $134.76 premarket at&nbsp;the last check on Tuesday.
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Photo by Ascannio via Shutterstock

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Itron Expects Q1 Revenue Of $610M-$620M Vs $577.66M Est, Adj EPS Of $1.25-$1.35 Vs $1.06 Est

Axiata Gr

<ul>
	<li>Axiata Group Bhd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/AXXTF#OTC">AXXTF</a>) and&nbsp;Telenor ASA&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TELNF#OTC">TELNF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TELNY#OTC">TELNY</a>) collaborated to combine their Malaysian mobile operations,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2021-06-21/axiata-telenor-said-to-ink-11-billion-deal-for-malaysia-tie-up?srnd=technology-vp&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg reports</a>.</li>
	<li>The deal is valued at $15 billion,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/media-telecom/axiata-telenor-sign-deal-merge-malaysian-telecoms-units-2021-06-21/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Reuters reports</a>.</li>
	<li>In April, the companies announced advanced discussions to merge Celcom and Digi.</li>
	<li>Axiata will transfer its stake in Celcom Axiata Bhd. to&nbsp;Digi.com Bhd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/DIGBF#OTC">DIGBF</a>) for 17.8 billion ringgits for shares and 1.7 billion ringgits in cash from Digi, and 300 million ringgits from Telenor. The merged entity will have a &ldquo;pre-synergy equity value&rdquo; of 50 billion ringgits ($12.1 billion).</li>
	<li>Axiata and Telenor will have equal ownership of 33.1% each in the entity known as Celcom Digi Bhd. The entity will have an estimated subscriber base of 19 million, revenue of $3 billion, and profit of $1.4 billion. The arrangement is estimated to lead to cost and Capex synergies of 2 billion ringgits on a net present value basis.</li>
	<li>Celcom Digi&rsquo;s main competitor will be Maxis Bhd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MAXSF#OTC">MAXSF</a>).</li>
	<li>The transaction is estimated to complete by Q2 of 2022.</li>
	<li>Celcom Digi will also dedicate 250 million ringgits over five years to build an innovation center in the capital city of Kuala Lumpur.</li>
	<li>Price action:&nbsp;TELNY shares closed lower by 1.95% at $16.68 on Friday.</li>
</ul>

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Monday, June 21, 2021

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