Type Public Industry Telecommunications Headquarters Kuala Lumpur, Malaysia | Traded as MYX: 6012 Founded 1993 (Listed in 2009) | |
Area served Asia (excluding Korea DPR and Nepal), South America (including Peru and Chile) Key people Morten Lundal (CEO) (joined 30 September 2013) Stock price MAXIS (KLSE) MYR 6.37 -0.06 (-0.93%)15 Mar, 4:53 PM GMT+8 - Disclaimer CEO Morten Lundal (1 Oct 2013–) Subsidiaries Aircel, Maxis Communications Parent organizations Usaha Tegas, Maxis Communications, Binariang GSM Sdn. Bhd. Profiles | ||
Maxis Berhad is a communications service provider in Malaysia. Headquartered in Kuala Lumpur, Malaysia, providing a variety of communication products, applications and value added services for consumers, large enterprises and small & medium business owners.
Contents
Maxis uses the dialling prefixes of "012", "017", "014-2" and "011-2". The majority of the company's stake is owned by billionaire Ananda Krishnan, and the company has about 11.6 million subscribers as of the fourth quarter of 2015.
Products
As of 2016, Maxis has a 100% 4G population coverage with minimum signal strength of -110dBm in Klang Valley, Penang and Johor Bahru; 95% 4G population coverage with minimum signal strength of -110dBm across all state capitals; 88% 4G population coverage with minimum signal strength of -110dBm nationwide. There are several high-profile celebrities who have signed on as spokespersons for Maxis, including Siti Nurhaliza, the Malaysian reality television show Akademi Fantasia's contestants, along with Jessy Wong The Diva and Arthur the Brave and Fluffy. Maxis was the first company to launch LTE services in Malaysia on 1 January 2013, starting in the Klang Valley region.
Maxis operates 2G GSM/GPRS/EDGE, 3G WCDMA/HSPA+/DC-HSPA, 4G LTE networks.
Maxis FastTap
Maxis also has Malaysia's first NFC (Near field communication) service called FastTap. It integrates Touch 'n Go, Visa Wave from Maybank and other banks.
Maxis eBooks
Maxis introduced its Malaysia's 3rd e-book service called Maxis ebooks (or Maxis ebuuk in its official website and app). The first was eSentral followed by MPH Digital. It was launched on 16 April 2012 and in launch, more than three hundred thousand books were made available in the e-book store, the web, an iPad application or through an Android tablet running Honeycomb or newer.
Subscribers
As of second quarter of 2016, Maxis is the third largest mobile telecommunications company in Malaysia. There are 11.015 million revenue generating subscribers (RGS) (down from 11.164 million in Q1 2016): 8.108 million prepaid RGS (down from 8.196 million in Q1 2016), 2.660 million postpaid RGS (down from 2.696 million in Q1 2016), 247,000 wireless broadband (down from 272,000 in Q1 2016)
Smartphone users in the network include 77% of postpaid accounts and 67% prepaid. There are 3.5 million 4G LTE devices in the network. It postpaid users consume an average 1.93GB a month, while prepaid subscribers consume an average 1.55GB a month.
Corporate History
On 19 October 1999, Maxis introduced the popular prepaid brand "Hotlink".
In 2002, Maxis acquired TimeCel, a rival mobile service provider, from TimedotCom Berhad. Prior to the purchase, Maxis offered prefix number beginning with 012, and TimeCel 017.
On 27 April 2007, an offer was made to buy out Maxis and privatise the company in preparation for expansions into the Indonesian, Indian, Mexican and Ecuadorian markets. The deal was offered by Ananda Krishnan, who pledged Maxis RM17.46 billion (US$5.1 billion and €4.25 billion) in exchange for all remaining shares of the company. The offer is to be formally made by Usaha Tegas, a company owned by Krishnan, on 3 May 2007, while the Kuala Lumpur Stock Exchange suspends trading of the company's shares until 3 May.
Under the urging of Prime Minister Datuk Seri Najib Tun Razak, Maxis announce that it will re-list the company in Bursa Malaysia on 11 November 2009. The initial public offering, which constitute 30% of the company and involve its Malaysian operations, will raise at least MYR 11.7 billion.
On September 2013, Maxis prepaid, Hotlink launched its #Hotlink plan, which is basically the first telecommunications company to offer free internet services on cellular networks, Hotlink calling it "Free Basic Internet" which offers download speeds up to 64kbit/s and which the management says is enough for checking Facebook, Twitter and Wikipedia on mobile optimised sites and also essentially eliminating data overage charges which as previously implemented at MYR 0.10/10KB.
Majority Stakeholders
Maxis Communications is part of Ananda Krishnan's business empire. In 1996, the company launched Malaysia's first three satellites; MEASAT 1, 2 and 3. The fourth satellite, MEASAT 1R, was damaged during transport to the launch site and is currently under reconstruction. Saudi Telecom Company bought a 25% stake of Maxis.