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Searching for Boost amid the burn

The bonfire Axiata's struggling to put out.

Jun 15, 2026
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I was sweeping that latest edition of The Edge weekly over the weekend when one of its lead stories ran a headline announcing that Axiata’s Boost Holdings is set to gain a new shareholder.

Angkasa, the umbrella body for Malaysia’s cooperative sector, is tipped as the likely candidate.

Readers of this newsletter, and of my earlier work at Tech in Asia, will recognise this as old news.

I fleshed it out at the end of 2024, and again last year.

World Bank unit to back Boost after RM1b burn

World Bank unit to back Boost after RM1b burn

Emmanuel Samarathisa
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December 22, 2025
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But the rehash of Angkasa wasn’t what caught my eye.

What I wanted to know was whether anything had actually improved since my initial scoop, particularly given some of the choice comments made at the time by Boost CEO Sheyantha Abeykoon.

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