5 parties bidding for 74% Malaysian Maxis owned Indian Aircel assets

RAM rating said Maxis posted RM6.5bil in revenue which placed it ahead of its rivals. Its revenue achievement translated to 40.6% of the RM16.1bil cumulative revenue earned by Malaysian mobile incumbents as at nine months of 2017

PETALING JAYA: Five parties have bid to separately purchase assets of mobile service provider Aircel Ltd, which filed for bankruptcy earlier this year, according to reports.

Livemint reported that Bharti Airtel Ltd, Reliance Jio Infocomm Ltd, Sterlite Technologies Ltd and two investment firms have bid to acquire the assets, but lenders to the Indian mobile carrier may still have to take a large haircut.