Maxis sets aside MYR1.6 billion for network improvements

11 Sep 2009

Malaysian mobile network operator Maxis Communications is planning to invest MYR1.6 billion (USD458 million) in the upgrading of its infrastructure, the Business Times reports. According to comments by Mohamed Fitri Abdullah, vice president of Maxis’ Enterprise and Career Business Division, the proposed upgrades will be designed to accommodate the rapid uptake of data-centric devices. According to TeleGeography’s GlobalComms database, the cellco’s W-CDMA network, which it launched in May 2005, covered approximately 65% of the population at the end of 2008.

Mr Abdullah also commented on the long-rumoured relisting of Maxis; the company was delisted from the Malaysian bourse in July 2007. Asked whether the company was seriously considering calls by the Malaysian prime minister for it to relist, he said: ‘We will make a special announcement on that.’ At the beginning of August 2009 CommsUpdate reported that Maxis was rumoured to have enlisted the help of a trio of financial companies – Goldman Sachs, Credit Suisse and CIMB – to advise it on possible listing options.

Malaysia, Maxis, Maxis Mobile