Saudi Telecom

Saudi Telecom buys chunk of Maxis

It has emerged that Saudi Telecom is looking to buy into Malaysian market leader Maxis Communications. The Saudi operator’s plan is to acquire 25 per cent of Maxis, specifically by taking over a 51 per cent stake in its Indonesian operation for some SAR11.4bn ($3.04bn). Maxis is apparently thirsty for capital to fund further overseas […]

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