Monday, January 30, 2023

Maxis raise stake on its loss making unit in Indonesia

Maxis Communication Berhad has raised its stake in PT Natrindo Telepon Seluler by buying a further 44% interest(US$123.92mil), which gives them a 95% control in the Indonesian mobile operator.

On its latest net profit for the year ended Dec 31, 2006 , Maxis reported a RM196 million start-up losses in the operations of PT Natrindo Telepon Seluler (Natrindo).

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

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