Astro Malaysia agrees to sell broadband assets to Maxis for up to RM 83 million

Bitget2026/10/23 10:55

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Astro Malaysia Holdings' subsidiary MEASAT Broadcast Network Systems agreed to sell its broadband business assets to Maxis Broadband for up to RM 83 million.
The October 23, 2026, agreement covers the subscriber base and associated equipment; completion is expected in the second quarter of 2027.
Consideration falls below RM 83 million if fewer than 155,000 subscribers transfer, with no floor on downward adjustments.
The disposal is expected to generate a net gain of RM 31.41 million, with net proceeds earmarked for working capital.
The sale reduces exposure to retail broadband risks, freeing resources for core content, entertainment and advertising businesses.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Astro Malaysia Holdings Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3718250) on October 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Astro Malaysia agrees to sell broadband assets to Maxis for up to RM 83 million

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