Maxis Gets 12-year Spectrum Assignment In 2,100MHz Band From MCMC

KUALA LUMPUR, Oct 6 (Bernama) -- Maxis Bhd has announced that its spectrum assignment, following the Malaysian Communications and Multimedia Commission’s (MCMC) offer in the 2,100 megahertz (MHz) band, carries a 12-year assignment period.

In a filing with Bursa Malaysia on Friday, Maxis said the offer entails 2x10MHz of spectrum, with an upfront payment of RM100 million and cumulative annual payments of RM300 million over the entire assignment period.

At the close, Maxis Bhd’s shares eased one sen to RM3.70 with 1.68 million shares traded.

-- BERNAMA