Malaysian media tycoon acquires Maxis stake from BT, MediaOne
Article Abstract:
Ananda Krishnan, a tycoon based in Malaysia, has acquired a minority share in Maxis Communications Bhd. from British Telecommunications PLC and MediaOne Group Inc. The 46% share cost Krishnan approximately 3.1 billion ringgit (916.7 million euros).
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
Anada buys Maxis stake
Article Abstract:
British Telecommunications PLC sold its 33.3% stake in Maxis Communications Bhd. to Malaysian businessman Ananda Krishnan's Usaha Tegas Sdn. Bhd. for about 1.9 billion ringgit, while United States-based MediaOne Group Inc. sold its 12.7% stake for 680 million ringgit. Usaha Tegas already held a 24% stake. Investors closed to Ananda control another 25% of Maxis stock. Ananda and his investment are discussed.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
Internet deal is approved: Hongkong Telecom to purchase Star Internet
Article Abstract:
Hong Kong's Office of the Telecommunications Authority has approved Hong Kong Telecommunication's acquisition of Star Internet. The deal would give Hong Kong Telecom a 51% share of the country's Internet access market. However, the approval of the deal also entailed the addition of two new provisions in license of Hong Kong Telecom's interactive multimedia services unit which forbids the abuse of the company's dominant position and unfair cross-subsidies.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Cafe de Coral holds appeal; Hong Kong fast-food firm serves up stability. So, when's liftoff?
- Abstracts: Friends Provident plans London IPO to raise 1.4 billion pounds. Prudential Insurance plans to raise $3.9 billion in IPO
- Abstracts: Fortune forum proves as good as its name for select merchants. Hong Kong considers cargo
- Abstracts: Thornton's Asian IPO fund has China, Hong Kong tilt: vehicle with regional scope also targets resilient stock markets of India and Singapore
- Abstracts: Taiwan's 3G auction heats up, stirring hopes for consolidation. Taiwan's growth slows