Maxis said to explore U Mobile buyout

Quick Summary:

Maxis Bhd., a Malaysian telecommunications firm controlled by billionaire T Ananda Krishnan, is considering buying out U Mobile Sdn.to help it expand in the Asian country, according to people with knowledge of the matter.

"We are rejecting Maxis offer,” Tan wrote in response to a query from Bloomberg.

Malaysian businessman Tan Sri Vincent Tan and Temasek Holdings Pte-backed Singapore Technologies Telemedia Pte are among U Mobile’s major shareholders.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaSingapore

Topics: Telcos Maxis /Business/Business News U Mobile

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 21:00:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 395 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 19 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 21653309

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

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Year Established: 1971

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News Last Updated: 3 hours ago

Coverage Areas: Malaysia

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