Maxis Neither Deny Nor Confirm Merger Report 

By Nor Baizura Basri

KUALA LUMPUR, Oct 28 (Bernama) -- 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.

The telecommunications company said this in response to Bloomberg’s news report today on a possible merger with U Mobile Sdn Bhd.

“Should there be any material corporate development, we will make the necessary disclosures to the market in a timely manner,” Maxis said in response to Bernama’s query.

According to its website, Maxis currently has a market capitalisation of about  US$6.7 billion to US$6.9 billion (RM27.2 billion to RM28.3 billion) as of October 2026.

Meanwhile, Maxis share price closed 14 sen lower at RM3.51 with 4.83 million shares traded.

Earlier, Bloomberg was quoted as saying the potential merger could create the country’s largest wireless operator by market value.

-- BERNAMA