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World Market Watch

What does the Maxis deal mean to our PM-cum-Finance Minister?

It’s now confirmed that the largest phone company in Saudi Arabia Saudi Telecom Co. bought a 25 percent stake in Maxis Communications Bhd. for US$3.05 billion (RM11 billion), which is one of the most significant Middle Eastern investments in the region.

The Saudi operator would consider increasing its stake in Maxis to a maximum 30 percent [...]

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