IndiaPE.com 21 July 2012
Malaysia’s Maxis Communications Bhd. has held preliminary discussions with bankers representing Sistema JSFC about the sale of its Indian unit Aircel Ltd. to the Russian firm, the Economic Times reported Wednesday, citing an executive close to Maxis.
The executive said Maxis will “listen to offers in the wake of regulatory and policy uncertainty” in India, according to the report.
Maxis Communications owns 74% of Aircel, with the balance held by India’s Sindya Securities and Investments Pvt. Ltd.