$1 billion deal: Maxis bags 74% of Aircel
The Foreign telcos are coming - calling. Maxis has ventured into India with a majority stake in an Indian Telco , thanks to the recent Govt initiative of raising the FDI in Telecom to 74%.
Express reports "Malaysia's biggest cellphone firm, Maxis Communications Bhd, expanded into the fast-growing Indian market on Friday, taking the lead in a $1.08 billion joint-venture takeover of Aircel Ltd. "
The Foreign telcos are coming - calling. Maxis has ventured into India with a majority stake in an Indian Telco , thanks to the recent Govt initiative of raising the FDI in Telecom to 74%.
Express reports "Malaysia's biggest cellphone firm, Maxis Communications Bhd, expanded into the fast-growing Indian market on Friday, taking the lead in a $1.08 billion joint-venture takeover of Aircel Ltd. "
posted by Cogito at
10:46 PM
1 Comments:
Hopefully the promoter is third time lucky.
By
Anonymous, at 11:54 PM
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