Billionaire Ananda mulls Maxis-Astro tie-up

Thinking ahead: Ananda is known to embark on corporate exercises that takes the market by surprise

PETALING JAYA: T. Ananda Krishnan, the single largest shareholder in Maxis Bhd and Astro Malaysia Holdings Bhd, is believed to be looking at a corporate exercise involving the two entities to strengthen their position in the changing technology and media landscape.

Sources said the low-profile tycoon, who controls the companies through privately-owned Usaha Tegas Sdn Bhd, has been looking at how to position the group’s telecommunications and media business in line with increasing competition.