Under Malaysian stock market rules, a company needs to sell a minimum 25 percent stake to list on the stock exchange. The report follows a call by Malaysian Prime Minister Najib Razak for local companies to seek listings on the stock exchange to boost inward investment.
"It will create some sort of excitement because it was the darling of investors then and it had substantial foreign shareholdings too," Abdul Jalil Rasheed, equities chief at Aberdeen Asset Management's Malaysia unit said on Wednesday .
"There is no announcement at this point. An announcement will be made at the appropriate time," Catherine Leong, Maxis' head of public relations, told Reuters when asked for a comment.
Maxis' CEO, Sandip Das has however recently denied previous rumours that the company would seek a stock market listing to raise funds for its expansion programs. CIMB Research, in a research note in June, said Maxis would be seeking a relisting, possibly as early as September this year.
Maxis is 75% owned by local billionaire, Ananda Krishnan, who took the company private two years ago via his privately Usaha Tegas holding company. The remaining 25% is own by state-owned Saudi Telecom.
A couple of months ago it was also reported that France Telecom was looking at taking a stake in Maxis controlled Indian subsidiary, Aircel for between US$1.4-$2 billion. Aircel, which has a subscriber Base of 19.6 million, is thought to have a valuation of between $7 billion and $8 billion.
Raj Rajput [ MBA ]
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China China Mobile ,
United Kingdom Vodafone,
India Airtel,
Mexico América Móvil ,
Spain Telefónica (Movistar, O2 & Vivo)
France Orange
Norway Telenor
Russia Beeline
Singapore SingTel
Malaysia Axiata Group Berhad
China China Unicom
Finland/Sweden TeliaSonera
Saudi Arabia Saudi Telecom Company (STC)
South Africa MTN Group
United Arab Emirates Etisalat ,
India Reliance Communications ,
Germany T-Mobile ,
United States Verizon Wireless ,
Russia MTS ,
United States AT&T Mobility
China China Telecom
Indonesia Telkomsel
India Idea Cellular
India BSNL
India Tata Teleservices
Italy Telecom Italia / TIM
Malaysia Maxis Communications
Turkey Turkcell
Qatar Qtel
France Telecom Orange,
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