MAXIS Communications Bhd's share price led decliners on Bursa Malaysia yesterday, shedding 30 sen to RM9.35 after analysts downgraded the group's earnings forecast on its plans to invest in a small Indonesian mobile telecommunications operator (telco).
Last week, Maxis said it would take up a 51% stake in PT Natrindo Telepon Seluler (NTS) for US$100mil, the country's smallest telco with a subscriber base estimated at between 100,000 and 200,000 customers.
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