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Articles tagged with: Aircel and Maxis
Investigation into Maxis' 2005 Purchase of Majority Aircel Stake
Old allegations about the 2005 deal that saw Malaysia's Maxis take a majority stake in the Indian mobile network operator, aircel has resurrected again. more
Related Tags: , India
Malaysia's Maxis May Injuect $900 Million into Indian Mobile Network
India's aircel could receive a capital injection of around US$900 million from its majority shareholder as part of a refinancing plan for the company. more
Related Tags: o2, e-plus, Germany
Sistema Walks Away from Talks to Buy Stake in India's Aircel
Russia's Sistema and Malaysia's Maxis have reportedly cancelled plans that could have seen the Russian firm taking a large stake in India's aircel after they were unable to agree on a price to pay. more
Related Tags: hewlett-packard, android
Probe into $1 Billion Sale of India's Aircel to Malaysia's Maxis
India's criminal investigation body, the CBI is expected to open a probe into allegations that the sale of shares in local mobile network, aircel to Malaysia's Maxis was forced on the company by the then telecom minister, Dyanidhi Maran. more
France Telecom Reported to be Seeking Indian Investment
France Telecom is reported to be in talks to take a stake in India's aircel for between US$1.4-$2 billion. The French company is said to be in talks with Malaysia's Maxis, which owns 74% of the company to take the stake. In the meantime, Maxis shareholder, Saudi Telecom is looking to increase its holding in the firm from 25% to 35%. more
Related Tags: france-telecom, orange, maxis-communications, saudi-telecom, India
India's Aircel Reported to be in Talks to Buy Loop Mobile
India's aircel Cellular is reported to be in talks to buy Mumbai based Loop Mobile (formerly BPL Mobile), which is owned by the Ruias of the Essar group. Both companies have been holding discussions for around seven months now, two people familiar with the discussions told the Economic Times. more
Related Tags: , ict, vodafone, tim, mtn, cdma, loop-telecom, bpl-mobile, essar-group, bharti, bharti-airtel, mtnl, mumbai, seven, essar, vodafone-essar, loop-mobile, hutch, airtel, tata, India
Aircel Announces $5 Billion Investment Plan
India's aircel has announced plans to double its subscriber base and invest US$5 billion in its network over the next three to five years. The firm, a majority owned subsidary of Malaysia's Maxis, will spend at least US$1 billion during 2009 and expects to end the year with 32 million customers. more
Related Tags: mumbai, delhi, maxis-communications, tamil-nadu, India
ZTE Wins Indian GSM Network Contract
China's ZTE has won a US$400 million GSM expansion contract from India's aircel - a subsidiary of Malaysia's Maxis. aircel is currently operating in 10 telecom circles (Assam, Bihar, Chennai, Himachal Pradesh, Jammu & Kashmir, Calcutta, North East, Orissa, Tamil Nadu and West Bengal) and with licences secured for the remaining 13 of the 23 telecom circles. more
Related Tags: wcdma, zte, cdma, tamil-nadu, jammu, India
Maxis Planning US$4 Billion Investment in Indian Subsidiary
Malaysia's Maxis Communications plans to invest upwards of US$5 billion over the next four years in its Indian subsidiary, aircel to expand the network and boost capacity. aircel has spent some US$2 billion since the company was set up - with over $500 million last year. more
Related Tags: rural, chennai, maxis-communications, tamil-nadu, towers, jammu, India
AT&T Eyeing Up Indian Mobile Operator Acquisition
AT&T is said to be considering a joint venture with India's aircel - by purchasing the stake in the company held by Malaysia's Maxis. aircel was valued at nearly US$1.5 billion in January 2006 when investor Sivasankaran had offloaded his entire stake to Maxis. At the time, the company had around 2.6 million subscribers, although this has now risen to around 6.2 million. The rapid growth in India's mobile market will push that valuation up significantly. more
Related Tags: landline, chennai, tamil-nadu, jammu, India
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