KUALA LUMPUR: 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 US$6.7 billion to US$6.9 billion (RM27.2 billion to RM28.3 billion) as of October 2026.