AT&T to buy Maxis’ stake in Aircel?

30 Jun 2008

Indian newspaper The Economic Daily is reporting that AT&T is close to buying Malaysia’s Maxis Communications’ 74% stake in Indian mobile operator Aircel. AT&T is believed to have valued Aircel at between USD5-USD6 billion, the newspaper said. A spokesperson for Maxis, however, has denied that a deal is on the cards saying: ‘We are not aware of any discussions with AT&T about this matter. Maxis Communications and its partners remain committed to the accelerated growth and development of Aircel to be a successful Pan-Indian operator.’

India, AT&T Inc., Maxis, Aircel,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share