July 24, 2014 5:23 PM ET

Wireless Telecommunication Services

Company Overview of Maxis Communications Berhad

Company Overview

Maxis Communications Berhad is a holding company operating through its subsidiary, Maxis Berhad, offers provision of mobile, fixed line, and international telecommunications services in Malaysia. It also provides Internet and broadband services; and wireless multimedia related services, and owns, maintains, builds, and operates radio facilities and associated switches. The company was formerly known as Binariang Berhad and changed the name to Maxis Communications Berhad in 1999. The company was founded in 1993 and is based in Kuala Lumpur, Malaysia. Maxis Communications Berhad operates as a subsidiary of Binariang GSM Sdn. Bhd.

Aras 18, Menara Maxis

KLCC, Off Jalan Ampang

Kuala Lumpur,  50088

Malaysia

Founded in 1993

Phone:

60 3 2330 7000

Fax:

60 3 2330 0008

Key Executives for Maxis Communications Berhad

Chief Executive Officer
Age: 49
Chief Financial Officer
Age: 42
Chief Executive Officer for North/East
Chief Executive Officer - South
Head of Sales and Service
Compensation as of Fiscal Year 2014.

Maxis Communications Berhad Key Developments

Promoters And Investors Seek To Sell Aircel

According to sources, multiple investors have envisaged interest in buying stake in Aircel Limited. The prospective investors include Idea Cellular Ltd. (BSE:532822), Telenor ASA (OB:TEL), AT&T, Inc. (NYSE:T) and MTN Group Limited (JSE:MTN). The promoters and investors of Aircel, including Maxis Communications Berhad, are looking to exit Aircel and have invited request for quotations for stake sale, sources told CNBC-TV18. Idea Cellular and Telenor have already initiated the due diligence process, sources said. Aircel promoters have set a June 2014 deadline for quotation. Though valuation figures are still being worked on, sources said it could be a significantly large deal in the range of over INR 200 billion. Idea and AT&T refused a comment. Others players were unavailable.

Maxia Reportedly In Talks With Idea

Maxis Communications Berhad is reportedly in talks with Idea Cellular Ltd. (BSE:532822) to sell its majority stake in Aircel Limited, Sources told CNBC-TV18. Sources say talks are going on to acquire user base, assets and employees of Maxis.

Maxis Communications Berhad Announces Management Changes

Maxis has announced that Johan Dennelind, who was expected to take up the role as chief executive officer from 1 July, 2013 will not take the position. The change is due to Dennelind's recent family circumstances which have made it necessary for him to reside closer to family in Sweden. Maxis has appointed CFO Nasution Mohammed as joint chief operating officer from June 1, 2013 and with current joint COO Suren J. Amarasekera, he will provide overall leadership to the company and be responsible for its performance. The joint chief operating officers will report to the chairman and Nasution will continue to oversee the finance function. Mark Dioguardi, whose contract expires on June 30, 2013 will relinquish his position as joint chief operating officer.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 29, 2013
PT. Axis Telekom Indonesia
 

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