Reference is made to Maxis Berhad’s announcement dated 28 June 2017 announcing the progressive termination of the Network Sharing and Alliance Agreement dated 21 October 2011 between Maxis Broadband Sdn Bhd (“MBSB”), a wholly owned subsidiary of Maxis Berhad and U Mobile Sdn Bhd (“U Mobile”), which termination will complete on 27 December 2018.
Maxis Berhad wishes to update that on 12 December 2018, MBSB and U Mobile entered into a 3G Network Agreement (“3G Agreement”) for a limited scope of the provision of 3G network access services by MBSB to U Mobile for a period commencing from 28 December 2018 up to and including 30 June 2019.
The 3G Agreement is not expected to have material impact to the consolidated financials of the Maxis Berhad group for the financial year ending 2018.
This announcement is dated 12 December 2018.
