Maxis charged RM816.75m for bandwidth allocation

Maxis was the biggest mover among the KLCI stocks, up 12 sen to RM6.37 and adding 1.53 points to the KLCI

KUALA LUMPUR: Maxis Bhd has been assigned its bandwidth allocation for the 900MHz and 1800MHz by Malaysian Communications and Multimedia Commission (MCMC) at the cost of RM816.75mil.

The telco said on Tuesday its units had received letters of offers from the MCMC for the assignment of  2 x 10 of 900MHz and 2 x 20 of 1800MHz for the bandwidth RM816.75mil as full settlement once it accepts the allocation.

“In addition, total spectrum maintenance fees are fixed at RM70.25mil per annum for the entire assignment period.  The assignments upon issuance will be effective from July 1, 2017 for 15 years,” it said.

Maxis added its  subsidiaries had until noon on Nov 1, 2016 to accept the offers and make the required payment.