Astro’s MBNS to sell broadband business assets to Maxis Broadband for RM83m

Astro Malaysia Holdings Bhd is selling its broadband business assets for RM83 million to Maxis Broadband Sdn Bhd, a fully owned subsidiary of Maxis Bhd.

The sale, considered a related party transaction, aims to reduce operational risks and strengthen Astro's financial position by focusing on core businesses.

Proceeds will be used for working capital and expenses, with no impact on Astro's share capital or substantial shareholders.

KUALA LUMPUR, Oct 23 — Astro Malaysia Holdings Bhd’s wholly owned subsidiary, Measat Broadcast Network Systems Sdn Bhd (MBNS), has entered into a conditional sale and purchase agreement (SPA) with Maxis Broadband Sdn Bhd to dispose of its broadband business assets for RM83 million.

Maxis Broadband is a wholly-owned subsidiary of Maxis Bhd.

The integrated media and entertainment group said the disposal is deemed to be a related party transaction (RPT) in view of the interests of the interested directors, major shareholders and persons connected with them. “Barring unforeseen circumstances, the proposed disposal is expected to be completed by the second quarter of 2027,” it said in a stock exchange filing.

Astro Malaysia said the proposed disposal provides the group with an opportunity to monetise and realise the value of the assets whilst reducing its exposure to the operational and commercial risks associated with operating a retail broadband business.

“The group is expected to record a gain on the disposal of the broadband business assets, thereby strengthening the cash position of Astro Malaysia and providing greater flexibility to redeploy resources towards its core businesses, being content, entertainment, advertising and related consumer businesses.

“The board believes that the proposed disposal will allow Astro to allocate capital and management resources more efficiently towards the company’s long-term strategic objectives, including investments in content, product and technology for continued excellence in customer experience,” it added.

The group said the proceeds from the disposal would be used for working capital over 36 months, while the remaining amount would cover expenses related to the proposed disposal within three months of its completion. “Furthermore, the proposed disposal will not have any effect on the share capital of Astro and the shareholding of the substantial shareholders of the company as it does not involve any issuance of shares in the group,” it added.

Public Investment Bank Bhd has been appointed as the independent adviser to advise the non-interested shareholders and non-interested directors of Astro Malaysia on the disposal. — Bernama

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Astro Malaysia Holdings Bhd 将其宽带业务资产以 8300 万令吉的价格出售给 Maxis Bhd 的全资子公司 Maxis Broadband Sdn Bhd。

此次出售被视为关联方交易，旨在通过专注于核心业务来降低运营风险并增强 Astro 的财务状况。

所得款项将用于营运资金和支出，不会对 Astro 的股本或主要股东产生任何影响。

吉隆坡，10 月 23 日讯——Astro Malaysia Holdings Bhd 的全资子公司 Measat Broadcast Network Systems Sdn Bhd (MBNS) 与 Maxis Broadband Sdn Bhd 签订了一份有条件的买卖协议 (SPA)，以 8300 万令吉的价格出售其宽带业务资产。

Maxis Broadband 是 Maxis Bhd 的全资子公司。

这家综合媒体娱乐集团表示，鉴于相关董事、主要股东及其关联人士的利益，此次出售被视为关联方交易。“如无不可预见的情况发生，预计此次出售将于2027年第二季度完成，”该公司在提交给证券交易所的文件中表示。

Astro Malaysia表示，拟议的出售方案为集团提供了一个将资产货币化并实现其价值的机会，同时降低了其在经营零售宽带业务方面面临的运营和商业风险。

“该集团预计将从出售宽带业务资产中获得收益，从而增强 Astro Malaysia 的现金状况，并使其能够更灵活地将资源重新部署到其核心业务，即内容、娱乐、广告和相关消费业务。

“董事会认为，拟议的出售将使Astro能够更有效地分配资本和管理资源，以实现公司的长期战略目标，包括对内容、产品和技术的投资，从而持续提升客户体验，”声明补充道。

该集团表示，出售所得款项将用于未来36个月的营运资金，剩余款项将在交易完成后的三个月内用于支付与拟议出售相关的费用。“此外，拟议出售不会对Astro的股本以及公司主要股东的持股产生任何影响，因为它不涉及集团任何新股发行，”该集团补充道。

马来西亚公共投资银行（Public Investment Bank Bhd）已被委任为独立顾问，就Astro Malaysia的出售事宜向其非利益相关股东和非利益相关董事提供咨询。——马新社

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