<div class=newsTextDataWrapInner>KUALA LUMPUR (Dec 27): Maxis Communications Bhd has agreed to acquire the remaining 25% stake in Advanced Wireless Technlogies Sdn Bhd (AWT) from MBNS Multimedia Sdn Bhd (MMT), in an effort to streamline its group structure. 
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The acquisition will see RM15.83 million exchange hands, along with a requirement for Maxis to purchase RM3 million worth of goods and services from MMT, for a total purchase price of RM18.83 million, paid via internal funding. 
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Prior to the agreement, Maxis had a 75% stake in AWT, while MMT, a wholly-owned unit of Astro Holdings Bhd, controlled the remaining 25%. Following the move, AWT will become a wholly-owned subsidiary of Maxis. 
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AWT, in turn, wholly-owns UMTS Malaysia Sdn Bhd, the holder of a 2100MHz spectrum assignment from Malaysian Communications and Multimedia Commission (MCMC) for 15 years, which is due on April 1, 2018. 
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The acquisition is expected to accelerate Maxis’ decision-making on matters surrounding the 2100MHz spectrum assignment, which is used for third generation (3G) wirless Universal Mobile Telecommunications System (UMTS) network. 
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Shares of Maxis slipped 4 sen or 0.67% to RM5.91 today, valuing the group at RM44.39 billion.</div>
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KUALA LUMPUR (Dec 27): Maxis Communications Bhd has agreed to acquire the remaining 25% stake in Advanced Wireless Technlogies Sdn Bhd (AWT) from MBNS Multimedia Sdn Bhd (MMT), in an effort to streamline its group structure.
 
The acquisition will see RM15.83 million exchange h...

Maxis buys over remaining stake in AWT for RM18.83m

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