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Maxis going private?

Tan Sri T. Ananda Krishnan might take Maxis Communication Berhad private.

A voluntary general offer (VGO) might be launched by Usaha Tegas Sdn Bhd(controlled by Tan Sri T. Ananda Krishnan) early this week.

It is believed that the tycoon holds an direct interest of 28.45% and a indirect stake of 47.05% in Maxis as of April 30,2006.

Maxis share price was last traded at RM13. Its was halted from 9am today till 5pm on May 3.

About Kugan

Kugan is the founder of MalaysianWireless. He has been observing the mobile industry since 2003. Connect with him on Twitter: @scamboy