"In moving forward, it is imperative for us to provide helpful information to the next of kin and general public - which will include the data communication logs as well as relevant explanation to enable the reader to understand the data provided," Malaysia's Department of Civil Aviation (DCA) and Inmarsat said in a joint statement.
Until now, Inmarsat - the company whose satellites communicated with the missing plane in its last hours - had declined to release it.
"In line with our commitment towards greater transparency, all parties are working for the release of the data communication logs and the technical description of the analysis for public consumption," the statement said.
However, it did not mention as to when or how the data will be released.
Relatives of the people on board the Beijing-bound Malaysia Airlines Flight MH370 - that mysteriously vanished on March 8 after taking off from Kuala Lumpur - had demanded that raw satellite data be made public for independent analysis after over two months of scouring the Indian Ocean failed in locating any wreckage.
The statement came a day after Acting Transport Minister Hishammuddin Hussein instructed the DCA to discuss with Inmarsat on the release of the latter's raw data to the public.
Malaysia believes the Boeing 777-200 plane- carrying 239 people, including five Indians - was deliberately diverted by someone on board and that satellite data indicates it crashed in the Indian Ocean.
The Malaysian government has been criticised for its handling of the tragedy, particularly by the relatives of the Chinese passengers on board the plane, besides being accused of hiding information.
The mystery of the missing plane has baffled aviation and security authorities who have so far not succeeded in tracking the aircraft despite deploying hi-tech radar and other gadgets.
The search for the jet has been exhausting and expensive with estimates suggesting it may cost nearly USD 60 million.