1. Usaha Tegas Sdn. and affiliates in Malaysia plan to make an offer to buy (by May 3) all shares they don't already own of Maxis Communications Bhd., Malaysia's biggest mobile-phone operator, which is valued at $9.6 billion and whose profits have surged 46 percent in two years, led by subscriber gains at home and overseas markets such as India (as Aircel).
2. The potential takeover is not expected to have any impact on the day-to-day running of the company's operations.
3. Usaha Tegas is completing talks to buy a stake in Sri Lanka Telecom Ltd., the island's biggest fixed-line phone company.
4. Maxis may join Usaha Tegas in the purchase.
5. Maxis is also looking for a new partner in Indonesia after spending $123.9 million raising its stake in PT Natrindo Telepon Selular, the company's local operation.
6. Maxis plans to spend $3 billion in the next five years expanding its network in India to counter slowing growth at home.
The objective here is stimulating and partaking of organic growth in India, besides cost synergies.
Are you waiting for when children will be implanted at birth with nano-cellphones powered by human cells?
[Click here for full story at: BLOOMBERG.COM]
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