Maxis Communications To Relist on the KLCI

After two years of privatization since July 2007, Malaysia’s leading mobile telecommunications corporation Maxis Communications Berhad has announced that it will relist on the local stock exchange and launch an IPO with an offering of 2.25 billion shares.

The announcement was made after market trading hours on Friday 18 September 2009, which also indicated that 175M shares will be offered to the public.

The company and its various subsidiaries recorded a total revenue of RM6.75B for FY06, RM7.69B for FY07, RMRM8.45B for FY08, and RM4.24B for H109. Mobile subscriptions have grown from 8.1M by end of 2006 to 11.4M by June 2009, representing a compound annual growth rate (CAGR) of 18%.

Non-voice revenue, which included services such as SMS, content downloads and wireless broadband, increased from RM1.51B in 2006 to RM2.28 in 2008 at CGAR of 23%. Wireless broadband subscriptions increased 35 times to 140K by end of 2008.

Source: Maxis to offer 2.25b shares under IPO


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