Saudi Telecom buys 25% of Maxis for $ 3 bn
Saudi Telecom Co, the largest phone company in Saudi Arabia, bought 25 per cent of Malaysia’s biggest mobile-phone operator Maxis Communications Bhd to reach out to more subscribers. Saudi Telecom paid 11.4 billion riyals ($3 billion) for the acquisition, its first major foreign purchase, the company said on Tuesday in a statement posted on the […]
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