Business Standard

Saudi Telecom buys 25% in Maxis, enters India

Image

BS Reporter Mumbai
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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 26 2007 | 8:30 PM IST

Explore News