Maxis Reportedly Mulling On U Mobile Buyout

Quick Summary:

Maxis is considering buying out U Mobile, according to a recent report by Bloomberg.

Citing people with knowledge of the matter, the publication says the discussions are currently in the early stages.

Pricing could pose a significant challenge to the potential buyout, with U Mobile’s owners seeking a valuation of over RM10 billion, the sources […]

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Article Details

Author / Journalist: Heirul Kamel

Category: Technology

Markets: MalaysiaSingapore

Topics: Telco Bloomberg Buyout Ipo U Mobile Maxis Vincent Tan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 11:54:33 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: lowyat.net

Language: English

Article Length: 224 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Lowyat.net

News ID: 21652708

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About Lowyat.net

Main Topics: Technology

Official Website: lowyat.net

Update Frequency: 15 posts per day

Year Established: 2002

Headquarters: Malaysia

News Last Updated: 12 hours ago

Coverage Areas: Malaysia

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Publication Timezone: GMT +8:00

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Publisher ID: #46

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