maxis

Reliance Communications interested in Aircel to expand GSM footprint

20 aug 2007

Reliance Communications interested in Aircel to expand GSM footprint
Anil Ambani’s Reliance Communications is looking at acquiring a controlling stake in Aircel Cellular Ltd. by buying out stake from Malaysian company Maxis Communications, who hold 74% stake and possibly from promoters of Apollo Hospitals who hold remaining 26%.

Now an Arab telecom company enters Indian market

26 jun 2007

Now an Arab telecom company enters Indian market
Saudi Telecom, the largest phone company in Saudi Arabia, has acquired 25% stakes in Malaysia’s Maxis Communications for $3 billion to access the emerging markets of India, Malaysia and Indonesia. Maxis has a 74% stake in India’s mobile operator Aircel which has its services in 8 circles in Tamil Nadu and North-East.