Fresh from a recent concluded move by Malaysia's leading telecommunication company to be taken private by its owner, Ananda Krishnan, at a whopping USD1.16b (RM4billion), news just came out that Saudi Arabia's state-owned Saudi Telekom is buying a strategic stake in Maxis for USD3billion! This represents a 25% stake and is a significant boost for the future earnings of this leading telecommunication company that is now planning to expand their business aggressively in other parts of Asian region, particularly India and Indonesia. The strategic stake is believed would allow the Malaysian operator to negotiate more favourable terms with vendors and service providers and help create value for its parent company's shareholders.
Wednesday, June 27, 2007
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