Saudi Telecom buys 25% in Maxis, enters India |
BS Reporter / Mumbai June 26, 2007 |
The proposed acquisition of a 25% stake in Malaysia's largest mobile operator, Maxis Communications, by Saudi Telecom Company (STC) will enable it to gain an entry into India. The Saudi Arabian state-controlled company will get an 18.5% indirect stake in Chennai-based Aircel, which is the country |