WorldWatch Category

The Malay Mail: Maxis says 'no' to Aircel sale
Monday, 30 January 2012 12:03

Local telecommunications firm Maxis Bhd will not be selling its 74% stake in Indian telco, Aircel Ltd.

Maxis group chief executive officer and Aircel director Sandip Das made this clear to The Malay Mail via a text message, responding with a flat “No” to clarify the air of speculation that has been clouding the controversial takeover and ongoing operational restructuring at Aircel.

Aircel last week saw its chief marketing officer Rahul Saighal quitting, the third high-profile exit in the company within a month.

Previous resignations were chief operating officer Gurdeep Singh and ...

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