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).

About Kugan

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

Check Also


Astro Broadband now offers Internet Speeds up to 800Mbps

Astro announced three new additional content packages bundled with Maxis fibre broadband speeds of 300Mbps, 500Mbps and 800Mbps for all customers.

Celcom leads in 4G Availability accros Malaysia according to OpenSignal

Celcom Users Experience Better 4G Availability compared to Maxis, Digi, U Mobile – Opensignal

Opensignal revealed that Celcom Axiata subscribers enjoy the best 4G Availability in the country, better Maxis, Digi, U Mobile and Unifi Mobile.

These are the Best Malaysia Broadband Alternatives to Unifi – December 2019

Looking for an alternative to Telekom Malaysia (TM) Unifi broadband service? Here are 3 best Malaysia Broadband plans that MalaysianWireless recommends.