DiGi emerges as key challenger to Maxis.

(From Business Times (Malaysia))

Byline: HO SIEW YEE

DIGI.COM Bhd, the smallest player in the country's mobile telecommunications industry, is now seen as a key challenger to dominant rival, Maxis Communications Bhd, after its sterling third quarter performance came as a big surprise to all.

Shares of DiGi rose to their highest in five years to close 70 sen, or 11.3 per cent, higher at RM6.90 on October 27.

Its net profit, which surged 73 per cent to RM142.9 million for the period ended September 30 2005, was beyond many analysts' expectations.

Some analysts, who were concerned over Malaysia's saturated mobile phone industry, even …