U Mobile terminated network sharing with Maxis

U Mobile terminated network sharing with Maxis

U Mobile has notified Maxis that it is terminating their 3G radio access network (RAN) share agreement. The termination will take place in stages and completed by December 2018.

U Mobile has released the following statement regarding the termination of the agreement:

U Mobile and Maxis had signed the Network Sharing and Alliance Agreement (NSA) on 2011 for 10 years which will due only in 2020. Maxis said the termination is not expected and will have material effect on its financial results for financial year 2017.