maxis

Reliance Communications interested in Aircel to expand GSM footprint

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

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.