Maxis is set to acquire Astro’s broadband business for up to RM83 million, following a conditional sale and purchase agreement (SPA) signed between their respective subsidiaries. The proposed deal will see Maxis Broadband Sdn Bhd, a wholly owned subsidiary of Maxis, take over the broadband business assets of MEASAT Broadcast Network Systems Sdn Bhd (MBNS), which is wholly owned by Astro Malaysia Holdings.
According to separate Bursa Malaysia filings by both companies, the acquisition covers MBNS’ entire broadband subscriber base, which stood at 178,631 active subscribers as of 28 February 2026. It also includes the associated contracts, software, equipment and inventories, but excludes Astro’s brand name, trademarks and goodwill.
