Maxis to buy Astro's broadband business for up to RM83 million, covering 178,631 subscribers

Maxis will buy Astro's broadband business for up to RM83 million, according to two Bursa Malaysia filings reported on 23 and 24 October 2026. The conditional sale and purchase agreement is between Maxis Broadband Sdn Bhd and MEASAT Broadcast Network Systems Sdn Bhd (MBNS), a wholly owned subsidiary of Astro Malaysia Holdings. If you are an Astro Fibre customer, your service is expected to continue during the handover.

What the deal covers

The purchase includes MBNS's entire broadband subscriber base, which stood at 178,631 active subscribers as of 28 February 2026, along with related contracts, software, equipment and inventory. It excludes Astro's brand name, trademarks and goodwill, Lowyat.NET reported, citing the Bursa filings.

RM83 million is a ceiling. According to The Star, as cited by Lowyat.NET, Astro receives the full amount if at least 155,000 subscribers are transferred. The price falls to RM82 million for 150,000 to 154,999 subscribers and RM80 million for 145,000 to 149,999. Below 145,000, it is cut by RM500 for each subscriber short. Maxis will fund the purchase from internally generated funds.

Why both companies are doing it

Maxis said the deal fits its strategy to expand converged mobile and fixed connectivity and gives it more chances to cross-sell and upsell to households. Astro said the sale lets the group focus resources on content, entertainment and advertising, and reduces its exposure to the operational and commercial risks of running a retail broadband business, according to Bernama via Malay Mail.

Astro expects a net gain of RM31.4 million from the transaction, Lowyat.NET reported. Astro launched its broadband business in 2022 and has stopped taking new sign-ups for Astro Fibre packages since February 2026 until further notice, while existing customers keep their service.

What it means for customers, and what comes next

Both parties will sign post-completion support agreements to help migrate subscribers and integrate network equipment, aiming to keep service continuous. The filings reported do not mention any price or plan changes for existing customers.

The deal still needs Astro shareholder approval and written notification from the Malaysian Communications and Multimedia Commission (MCMC) that the sale will not be formally assessed. Astro said it is a related party transaction, and Public Investment Bank has been appointed independent adviser. Both companies expect completion by the second quarter of 2027, barring unforeseen delays.

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Sources

• Lowyat.NET, Maxis To Acquire Astro's Broadband Business For Up To RM83 Million, 24 October 2026
• Malay Mail (Bernama), Astro's MBNS to sell broadband business assets to Maxis Broadband for RM83m, 23 October 2026