Malaysian media tycoon acquires Maxis stake from BT, MediaOne

Article Abstract:

Ananda Krishnan, a tycoon based in Malaysia, has acquired a minority share in Maxis Communications Bhd. from British Telecommunications PLC and MediaOne Group Inc. The 46% share cost Krishnan approximately 3.1 billion ringgit (916.7 million euros).

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Anada buys Maxis stake

Article Abstract:

British Telecommunications PLC sold its 33.3% stake in Maxis Communications Bhd. to Malaysian businessman Ananda Krishnan's Usaha Tegas Sdn. Bhd. for about 1.9 billion ringgit, while United States-based MediaOne Group Inc. sold its 12.7% stake for 680 million ringgit. Usaha Tegas already held a 24% stake. Investors closed to Ananda control another 25% of Maxis stock. Ananda and his investment are discussed.

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Internet deal is approved: Hongkong Telecom to purchase Star Internet

Article Abstract:

Hong Kong's Office of the Telecommunications Authority has approved Hong Kong Telecommunication's acquisition of Star Internet. The deal would give Hong Kong Telecom a 51% share of the country's Internet access market. However, the approval of the deal also entailed the addition of two new provisions in license of Hong Kong Telecom's interactive multimedia services unit which forbids the abuse of the company's dominant position and unfair cross-subsidies.

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