Maxis said to explore U Mobile buyout

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Maxis said to explore U Mobile buyout
MaxisU Mobile
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SUNGAI BULOH: A post-mortem to determine the exact cause of Nur Farah Kartini Abdullah’s death is still pending lab results, according to police.

., 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.

Malaysian businessman Tan Sri Vincent Tan and Temasek Holdings Pte-backed Singapore Technologies Telemedia Pte are among U Mobile’s major shareholders. In a message to Bloomberg News on Monday, Tan said U Mobile was rejecting the buyout offer and planning to file for an initial public offering at the end of July. U Mobile has been considering an IPO since 2021.

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