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January 02, 2006
Malaysia's Maxis buys Indian Cell Operatro
Taking a bet on India’s rapidly growing mobile phone market, Malaysia’s Maxis Communications has acquired Aircel, one of India’s smaller cellular operators, for $1.08bn.
The Malaysian group and the Chennai-based Reddy family, an Indian joint venture partner, have purchased 100 per cent of the equity in Aircel, whose 2.2m subscribers are located in the southern state of Tamil Nadu.
Posted by admin at January 2, 2006 09:20 PM