Malaysia's top mobile operator Maxis Communications may expand into regional markets like India and neighbouring Indonesia within the next two years in search of new business opportunities, Maxis chairman Megat Zaharuddin said Monday.
Saudi Telecom Co, Saudi Arabia's state-run operator, has entered the Indian market by buying 25 per cent equity in Malaysia's Maxis that owns a controlling stake in Chennai-based mobile operator Aircel.
Krishnan, who already controls 46.5 per cent stake in Malaysia's largest mobile firm Maxis Communications, would launch a takeover offer for the remaining shares by May 3, said a regulatory filing on Kuala Lumpur Stock Exchange.
The CBI had registered a case against former telecom minister Dayanidhi Maran, his brother MP Kalanithi Maran, Malaysian business tycoon and Maxis owner T Ananda Krishnan, and Maxis Director Ralph Marshall in October 2011.
Aircel Ltd, a unit of Malaysia's Maxis Communications Bhd, will invest about $500 million in the next three years to expand coverage in India.
The ED said that Chidambaram has remained evasive and therefore grant of pre-arrest bail at this stage would be highly detrimental to the investigation.
The ED had filed the first chargesheet in the case against Chidambaram's son Karti; later, a supplementary chargesheet was also filed against him.
It is understood that the agency wanted to put a fresh set of questions to him regarding the deal and hence had asked him to appear.
The plan available for Rs 99 would allow users to make local calls at Rs 1 for the first minute, 60 paise for the second minute and 40 paise for the third minute onwards. Aircel, a part of Malaysia's Maxis Communication, is India's fifth largest GSM mobile service provider with 17 million users.
RCom and Aircel will hold 50 per cent each in the new company
Declining urgent hearing, the top court observed that judges have more cases 'than they can handle'.
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The former finance minister's only child was arrested at Chennai airport.
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At Rs 1.24 lakh, it's the most expensive scooter manufactured in the country but the 450 deserves every penny.
Here is the full transcript of Congress vice president and Lok Sabha poll campaign chief Rahul Gandhi's first formal TV interview with Times Now Editor-In-Chief Arnab Goswami.
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