Maxis considering buying out U Mobile

Maxis has expressed interest in U Mobile and talks are at an early stage. — Reuters

KUALA LUMPUR: Maxis Bhd, controlled by billionaire T. Ananda Krishnan, is considering buying out U Mobile Sdn Bhd to help it expand in the country, according to people with knowledge of the matter.

Maxis has expressed interest in U Mobile and talks are at an early stage, the people said, asking not to be identified discussing private information.