Maxis beefs up enterprise capabilities

UOB Kay Hian said the total purchase consideration of RM157.5mil in MyKRIS implies a 19 times 2021 price earnings ratio (PE) – below Maxis current 25 times 2021 PE.

PETALING JAYA: The purchase of MyKRIS Asia Sdn Bhd by Maxis Bhd is to strengthen its enterprise business and broaden its spectrum of enterprise product offerings, according to analysts.

It also fits into Maxis’ overall strategy to evolve into a converged solutions provider in view of heightened mobile competition, high connectivity and handset penetration.