Maxis and U Mobile are reportedly in discussions to potentially merge their operations, a move that would create a telecommunications giant in Malaysia.
According to a report by Bloomberg, Maxis has begun engaging with banks and law firms to solicit proposals and advice regarding this acquisition. Based on its current share price, Maxis is valued at approximately RM28.3 billion, while U Mobile is reportedly seeking a valuation of around RM10 billion or more.
It is worth noting that the two parties have held discussions on several previous occasions—including a potential acquisition of U Mobile by Maxis in 2024—but these efforts have yet to bear fruit, partly due to a disagreement over valuation.
Should this merger proceed, the resulting entity would be larger than CelcomDigi, which currently holds a valuation of approximately RM29 billion. Furthermore, the combined company could potentially gain a strategic advantage, given that U Mobile is developing the nation’s second 5G network—distinct from the infrastructure provided by Digital Nasional Berhad (DNB) used by other telecommunications operators.
