MAXIS Communications Bhd will spend an additional RM250mil this year to upgrade and integrate its mobile network infrastructure with that of TimeCel Sdn Bhd, which it acquired for RM1.47bil from TIME Dotcom Bhd
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Maxis chief executive officer Datuk Jamaludin Ibrahim said the RM250mil additional capital expenditure (capex) was originally budgeted for future use, but the group decided to bring it forward in view of the TimeCel acquisition.
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