U Mobile Terminates Network Sharing Agreement With Maxis

U Mobile will be terminating its network sharing agreement with Maxis in stages by the end of 2018.

This comes after U Mobile had sent a letter to terminate the Network Sharing and Alliance Agreement (NSA) it signed with Maxis in 2011. No reason was given for the termination, and was only made public after Maxis released a filing to Bursa Malaysia earlier today.

The NSA was signed by both parties in 2011 when U Mobile was first launched. It allowed U Mobile customers to ride on Maxis’ 3G network nationwide, as well as 4G networks when the technology was deployed. The agreement was seen as beneficial to both telcos, with cost-saving benefits as well as accelerated network deployment for U Mobile.

The multi-billion Ringgit agreement was due to terminate only in 2020.

According to the Bursa filing, the termination will take place in stages, and will be completed on 27 December 2018. The filing also states that this termination will not affect Maxis’ financial results for the year 2017.

We have reached out to U Mobile for comments on the matter, and will publish an update when we hear from them.

(Source: The Star)

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