Maxis revives talks to acquire U Mobile
Maxis has resumed negotiations to buy Malaysian telco U Mobile, Bloomberg reports. U Mobile's owners may now seek a valuation of RM10 billion or more, down from a previous RM14 billion ask. A deal would create the country's largest telco.
- U Mobile owners lowered their ask from RM14 billion to RM10 billion or more
- Maxis has asked banks and law firms to submit proposals
- Maxis is valued at RM27.3 billion; CelcomDigi at about RM29 billion
- No agreement is guaranteed yet
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