Malaysian Cellular Firm Maxis Said to Explore U Mobile Buyout
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A pedestrian passes a Hotlink store, a prepaid brand of Maxis Bhd., in Kuala Lumpur.
Photographer: Samsul Said/BloombergThis article is for subscribers only.
Maxis Bhd., a Malaysian telecommunications firm controlled by billionaire T Ananda Krishnan, is considering buying out U Mobile Sdn. to help it expand in the Asian country, according to people with knowledge of the matter.
Kuala Lumpur-listed Maxis has expressed interest in U Mobile and talks are at an early stage, the people said, asking not to be identified discussing private information.