Maxis, also known as Maxis Bhd, is a publicly owned company headquartered in Malaysia. Founded in 1995, the company has approximately 6,770 employees and reported $2.5B in revenue as of 2025. It functions as a tier 2 media tech buyer, specializing as a communications service provider in Malaysia, focusing on telecoms.
Malaysia's mobile network operators (MNOs), including Maxis, will begin equity accounting for Digital Nasional Bhd's (DNB) financials in the fourth quarter of financial year 2026 (Q4 FY26), marking a critical phase in the nation's 5G dual network model transition. On September 15, 2026, the broader telecommunications sector reported second-quarter (Q2 FY26) earnings largely within expectations, though top-line expansion was restricted to low single digits. A challenging consumer environment limited subscriber expansion and average revenue per user (ARPU) gains during this period. Previously, on September 14, 2026, investors raised questions regarding whether the financial and operational risks associated with DNB, along with potential shareholder funding requirements, are already reflected in the current valuations of MNOs like Maxis and CelcomDigi as Malaysia implements its 5G dual network policy.
Maxis offers 5 products in the media and telecoms services industry. Maxis's product portfolio comprises of telecoms, media and TV services and consumer electronics.
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Maxis's revenues were $2.5B in 2025. Caretta Research has split Maxis's revenue into 5 different product categories, the largest of which is enterprise broadband and voice, which represents 37% of Maxis's revenue.
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