{
  "id": 16273430,
  "title": "Astro Malaysia to dispose of broadband business assets for RM83mil",
  "url": "https://urgent.news/2026/10/24/astro-malaysia-to-dispose-of-broadband-business-assets-for-rm83mil",
  "topic": "world",
  "section": "World",
  "published": "2026-10-24T03:26:55.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/news/nation/2026/10/1562434/astro-malaysia-dispose-broadband-business-assets-rm83mil"
  },
  "original_language": "en",
  "account": "Astro Malaysia Holdings Bhd's wholly owned subsidiary MEASAT Broadcast Network Systems Sdn Bhd plans to dispose of its broadband business assets to Maxis Broadband Sdn Bhd for RM83 million, according to a stock exchange filing. MEASAT Broadcast Network Systems is a subsidiary of the integrated media and entertainment group Astro Malaysia, which is in turn wholly owned by Astro Malaysia. The deal is classified as a related party transaction due to the involvement of key directors, major shareholders, and persons connected to Astro Malaysia. Following the completion of the disposal, expected in the second quarter of 2027 barring unforeseen circumstances, Astro Malaysia anticipates a gain from the sale of the broadband business assets, thereby enhancing its cash position and providing flexibility to allocate resources towards its core businesses such as content, entertainment, advertising, and consumer businesses. The board believes the disposal will enable Astro Malaysia to strategically allocate capital and management resources for long-term objectives and investments in content, product, and technology, thereby maintaining its competitive edge. The proceeds from the disposal will be used for working capital over a period of 36 months, while the remaining amount will cover expenses related to the transaction within three months of its completion. The disposal will not impact Astro Malaysia's share capital or the shareholding of substantial shareholders as it does not involve any issuance of shares. Public Investment Bank Bhd has been appointed as the independent adviser to the non-interested shareholders and directors of Astro Malaysia regarding the disposal.",
  "summary": "KUALA LUMPUR: Astro Malaysia Holdings Bhd’s wholly owned subsidiary, MEASAT Broadcast Network Systems Sdn Bhd (MBNS), has entered into a conditional sale and purchase agreement (SPA) with Maxis Broadband Sdn Bhd to dispose of its broadband business assets for RM83 million.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Malay Mail",
        "title": "Astro’s MBNS to sell broadband business assets to Maxis Broadband for RM83m",
        "url": "https://urgent.news/2026/10/23/astros-mbns-to-sell-broadband-business-assets-to-maxis-broadband-for",
        "published": "2026-10-23T12:16:40.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}