Come celebrate the festive season with Maxis Biggest Sale! For the month of December 2019 until 29 February 2020, Maxis and Hotlink customers can enjoy awesome promotions on smartphones, with even more deals to come. Literally Maxis’ biggest sale for the year, there is something for everyone!
Maxis Private Placement Raises RM1.7 billion
Further to its earlier statement, Maxis announced that the book-building exercise for the issuance of 300 million new Maxis shares under the private placement to investors has been completed. It attracted demand from both local and foreign institutional investors with the book being oversubscribed. The issue price was fixed at RM5.52 per placement share, representing a discount of approximately 6% to the closing price of Maxis on 16 June 2017. The proceeds raised from this fund-raising exercise is approximately RM1,656 million. This new equity will strengthen Maxis Group’s financial position and will give flexibility to fund future spectrum assignment fees and growth strategy. We expect the private placement to be completed by the end of July 2017.
Please refer to the Bursa Malaysia statement here: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5465069
Upon approval from Malaysian Communication and Multimedia Commission (MCMC) to trial 200MHz of 3.5GHz C-band spectrum, Maxis successfully achieved 2.96Gbps for single user peak speeds, recording a new high at two of its trial sites in Subang Jaya recently. The new record further reinstates the position of Maxis being in the forefront of technology leadership for the nation’s 5G development.
Maxis and Allo Technology Sdn. Bhd. (Allo), a wholly-owned subsidiary of Tenaga Nasional Berhad (TNB), will collaborate to provide greater access to fibre connectivity to more people and businesses in Cyberjaya and Bangsar South in the Klang Valley and Jasin in Malacca. Maxis and Allo today signed and exchanged an Access Agreement for the provision of High Speed Broadband (HSBB) Network Services