Monday, June 5, 2023

Maxis denies re-listing

Maxis Communications Bhd has denied reports that the company is to be relisted this year after going private two years ago.

“It was just rumours,” chief executive officer Sandip Das told StarBiz yesterday, without elaborating.

Sandip Das … Maxis is investing RM3.5mil to RM4mil yearly to support its Cyberkids Camp programme

CIMB Research, in a note on Monday, said Maxis would be seeking a relisting, possibly as early as September this year.

It said there was a “high likelihood” that Maxis would be relisted soon, citing funding requirements at its Indian operations, Aircel Ltd, which reportedly needed some US$5bil (RM17.5bil) over the next three years.

Read more on TheStar

P.s: Maybe not this year, probably next year?


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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