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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
MaxisBhd , UMobile , TelecomMergers , IPO , 5GNetwork

Next In Business News

World markets jolted, dollar dips as Trump vows tariffs on Europe over Greenland
Oil prices steady as ebbing Iranian protests lower chance of US attack
Foreign funds log second straight week of net inflows of RM716.1mil
Ringgit opens higher against greenback on better-than-expected 4Q GDP estimates
FBM KLCI slips on profit-taking as US-EU geopolitical tension escalates
Trading ideas: Binastra, Capital A, Allianz, MN, Vestland, Genting Plantations, YTL Cement, Pimpinan Ehsan, TH Plantations, Marine & General, FGV, SumiSaujana
Press Metal earnings outlook bright thanks to hedging
EU set to halt approval for trade deal with the US�
If I were an ageing oil palm tree
Hurdles in DBS’ Alliance Bank bid

Others Also Read