According to Berita Harian, Malaysian telecommunications company Maxis is looking for ways to acquire U Mobile to expand its market share. Howeve
According to Berita Harian, Malaysian telecommunications company Maxis is looking for ways to acquire U Mobile to expand its market share. However, the agreement is still in its early stages and faces several significant obstacles.So, what should you know about it?
One of U Mobile's major shareholders, Tan Sri Vincent Tan explained that the company will not accept the Maxis takeover proposal and plans to apply for a listing later this month. According to sources, since U Mobile's shareholders require a valuation of more than RM10 billion, this may be a major obstacle to whether the transaction can be completed. Therefore, this plan may not be realized.
Tan Sri Vincent Tan in an interview said U Mobile will reject the takeover proposal from Maxis and will launch an initial public offering plan at the end of this month. An official representative from U Mobile did not comment on market speculation as it is busy preparing to participate in the tender for Malaysia's second 5G network.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CelcomDigi, Maxis, U Mobile and YTL now own 65% of DNBFour telcos - CelcomDigi, Maxis, U Mobile and YTL, have officially concluded their Share Subscription Agreement (SSA) to take a stake in Digital Nasional Berhad (DNB). Effectively, the four telcos now own 65% of DNB, which was started as a state-owned 5G Single Wholesale Network in 2021.
Read more »
Report: Maxis is looking to buy over U MobileA new report suggests that Maxis is considering acquiring U Mobile. However, this acquisition might be extremely challenging, if not impossible.
Read more »
Maxis said to explore U Mobile buyoutSUNGAI BULOH: A post-mortem to determine the exact cause of Nur Farah Kartini Abdullah’s death is still pending lab results, according to police.
Read more »
Maxis Reportedly Mulling On U Mobile BuyoutMaxis is considering buying out U Mobile, according to a recent report by Bloomberg. Citing people with knowledge of the matter, the publication says the
Read more »
CelcomDigi, Maxis, U Mobile And YTL Holds 65.1% Stake In DNBDigital Nasional Berhad (DNB) has announced that four major telecommunication companies have completed the share subscription agreement (SSA), with each
Read more »
YTL Power, CelcomDigi, Maxis complete SSA with DNB, MoF incThe 39-year-old, who has always kept her private life under the wraps, says there is no confirmation on the wedding date yet as her schedule is packed for the year.
Read more »