Maxis To Acquire Astro’s Broadband Business For Up To RM83 Million

Maxis is in the process of acquiring Astro's broadband business for a maximum of RM83 million, following a conditional sale and purchase agreement. The deal involves the takeover of the broadband assets of MEASAT Broadcast Network Systems Sdn Bhd, a subsidiary of Astro Malaysia Holdings. The acquisition includes the entire subscriber base of Astro's broadband service, which stood at 178,631 active subscribers as of February 28, 2026.

The purchase does not include Astro's brand or goodwill. Maxis sees this acquisition as aligning with its strategy to expand its mobile and fixed connectivity offerings. Astro is focusing on its core content, advertising, and entertainment businesses, and expects to record a net gain of RM31.4 million from the transaction. The final purchase price depends on the number of subscribers successfully transferred to Maxis, with a minimum of RM80 million expected upon completion.

The deal is subject to approval from Astro shareholders and confirmation from the Malaysian Communications and Multimedia Commission (MCMC) that no formal assessment is required. Both companies expect the acquisition to be finalized by the second quarter of 2027.