Maxis neither denies nor confirms merger report
KUALA LUMPUR: Maxis Bhd neither denied nor confirmed a media report of a merger today but acknowledged that it is always evaluating strategic opportunities and partnerships that are value accretive.
Maxis Bhd, a telecommunications company in Malaysia, has not confirmed or denied a report of a potential merger with U Mobile Sdn Bhd, according to a statement made to the media. The company, however, acknowledged that it is continuously assessing strategic opportunities and partnerships that could add value to the organization.
Maxis' response to Bloomberg's news report comes after the telecommunications firm was asked about the merger possibility by Bernama. The company stated that should there be any significant corporate developments, they will ensure to make the required disclosures to the market in a timely manner.
As of October 2026, Maxis' market capitalisation is estimated to be between US$6.7 billion and US$6.9 billion (RM27.2 billion to RM28.3 billion). On October 2026, the company's share price closed at RM3.51, with a trading volume of 4.83 million shares. The potential merger, as reported by Bloomberg, could result in the formation of Malaysia's largest wireless operator based on market value.
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