* Maxis relists in Southeast Asias biggest-ever IPO Nov 20, 2009
Maxis Berhad, controlled by reclusive Malaysian tycoon Ananda Krishnan and Saudi Telecom, opened on Bursa Malaysia at a 9. 2 percent premium to its 5 ringgit (US$1. (Taipei Times, Taiwan -- World)
Malaysia's Maxis in S.E.Asia's biggest IPO Nov 19, 2009
Maxis Berhad, controlled by reclusive Malaysian tycoon Ananda Krishnan and Saudi Telecom, opened on Bursa Malaysia at a 9 ... Ananda Krishnan owns a 45 percent stake in Maxis Communications, Saudi Telecom owns 25 percent and the remainder is held by local funds. (Yahoo! Asia News)
* World Business Quick Take Nov 19, 2009
Maxis Berhad, controlled by reclusive Malaysian tycoon Ananda Krishnan and Saudi Telecom, is launching the on Bursa Malaysia two years after it was taken private and de-listed. Market observers are tipping a premium of 5 percent to 10 percent to the reference price of 5 ringgit (US$1. (Taipei Times, Taiwan -- World)
Seven banks expected to rake in RM318mil in fees for maxis listing Nov 7, 2009
Ultimate shareholder, Maxis Communications Bhd owned by T Ananda Krishnan and Saudi Telecom Co Ltd is selling 30% of its holding in its Malaysian operations and is forking out the bulk of the fees involved in the listing. That amounts to around RM360mil, out of a total estimated figure of RM409. (The Star Online, Malaysia -- Business)
Grumblings about Maxis share offer, too few shares Nov 6, 2009
And judging from the considerable interest among retail investors to get a slice of Maxis, it is possible that unsuccessful applicants may continue to harbour the feeling that T. Ananda Krishnan and Saudi Telecom Co Ltd could have sold more Maxis shares to the public in this initial public offering (IPO). The 90:10 split between institutions and the public (in terms of the Maxis share allocation) seems one-sided. (The Star Online, Malaysia -- Business)
Malaysia's Maxis to make SEAsia's biggest listing Nov 1, 2009
Maxis Berhad, controlled by reclusive Malaysian tycoon Ananda Krishnan and Saudi Telecom, is launching the initial public offering (IPO) on Bursa Malaysia two years after it was taken private and de-listed ... Ananda Krishnan owns a 45 percent stake in Maxis Communications, while Saudi Telecom owns 25 percent and the remainder is held by local funds. (Yahoo News -- Press Releases)
Malaysia's Maxis to make Southeast Asia's biggest listing Nov 1, 2009
" onclick="Next();" src="/images/butt_next. The listing is likely to be successful," he told AFP, but said there were unlikely to be any hefty immediate profits. "The market is very volatile. (Channelnewsasia.com)
Maxis to raise RM11.7bil via IPO Oct 29, 2009
7bil for the major shareholders of the company, that is, Malaysian tycoon T. Ananda Krishnan and Saudi Telecom. From left: Sandip Das, Information, Communications, Culture and Arts Minister Datuk Seri Dr Rais Yatim, Raja Tan Sri Arshad Raja Tun Uda and Datuk Seri Nazir Razak at the prospectus launch yesterday. (The Star Online, Malaysia -- Business)
Maxis is expected to pay 85% of net profit as dividends Oct 22, 2009
That Maxis will seek to pay high dividends also makes sense for major shareholders, T. Ananda Krishnan and Saudi Telecom Co, who will use the cash to fund growth in capital-intensive markets like India and Indonesia. These shareholders may also use the listing proceeds to pay off some of the huge debts taken up for expansion into those markets. (The Star Online, Malaysia -- Business)
Saudis eye Maxis IPO Oct 8, 2009
Saudi Telecom sees it as the crowning of its investment. PETALING JAYA: The initial public offering of Maxis Bhd is the crowning of Saudi Telecom Cos investment in the Malaysian telecommunications company, said STC chairman Muhammad Al-Jasser ... This is really the crowning of the experience by IPO-ing the company and letting people vote with their ringgits, if you will, for the joint venture between Saudi Telecom and Maxis. (The Star Online, Malaysia)
Tech Mahindra wins $50-million Saudi Telecom deal Oct 6, 2009
TechM wins $50-m Saudi Telecom deal- Software-Infotech-The Economic Times ... TechM wins $50-m Saudi Telecom deal6 Oct 2009, 0000 hrs IST, N Shivapriya, ET Bureau ... The IT firm has won a deal with Saudi Telecom, which is rolling out GSM services in Bahrain, said a person familiar with the development. (India Times)
Big question how much a piece? Sep 26, 2009
The company pitched its appeal on a similar book building path back in 2002 for its initial listing, with roadshows to woo investors from Singapore, Hong Kong, US and UK. But theres an added sweetener this time with Saudi Telecom Company as a major shareholder, sources say the net will be widened to include the moneyed lot in the Mid-East. Estimates by analysts have pegged the offer price at anything from RM3. (The Star Online, Malaysia -- Business)
Maxis redialled: The celco pitches its appeal to the public again Sep 26, 2009
Tycoon T. Ananda Krishnan controls 75% of MCB while the remaining is held by Saudi Telecom Company. The exercise is expected to raise conservatively over US$3bil. (The Star Online, Malaysia)
Maxis listing a market boost Sep 23, 2009
He subsequently sold 25% of MCB to state-owned Saudi Telecom. MCB had a market capitalisation of RM40bil then. (The Star Online, Malaysia -- Business)
Malaysian-Indian alliance to buy stake in Kuwait's Zain telecom Sep 9, 2009
Qatar Telecom owns a majority stake in Wataniya while VIVA is run by the Saudi Telecom Co.. Recommend. (Yahoo! Asia News)
Dow Jones Indexes Expands Index Series for GCC and MENA Regions Aug 18, 2009
The top five components of the Dow Jones Islamic Market GCC Index by float-adjusted market capitalization are Saudi Basic Industries Corp., Al Rajhi Bank, Saudi Telecom Co., Alinma Bank and Saudi Arabian Fertilizers Co.. The top five components of the Dow Jones GCC Titans 50 with Saudi Index are Saudi Basic Industries Corp., Mobile Telecommunications Co., Al Rajhi Bank, Emirates Telecommunications Corp. and National Bank of Kuwait. (Primezone Releases)
RCOM eyes Kuwait telcos African ops Aug 18, 2009
Zain has presence in Saudi Arabia, where it is the third operator after Saudi Telecom and Etihad Etisalat. In the first year of operations, Zain had managed to grab a market share of 11. (India Times, India -- Intl Business)
Sources: Maxis plans US$2bil public offering Aug 6, 2009
The rest is owned by state-owned Saudi Telecom Co Ltd.. Krishnan also owns pay-television operator Astro All Asia Networks plc and Tanjong Plc, a power and gaming group, and satellite operator Measat Global Bhd, through his investment vehicles. (The Star Online, Malaysia -- Business)
Aircel raises Rs 14,300 cr, biggest by a telco this year Aug 6, 2009
Within days, he sold 25% of it to Saudi Telecom for over $3 billion, largely to fund the expansion of Aircel. Indian telecom operators have been raising huge amounts of money for expansion. (India Times)
Separating the wheat from the chaff Jul 25, 2009
In Saudi Arabia, Astro has a joint venture with Saudi Telecom Co Ltd and Saudi Research Marketing Group to aggregate and distribute digital content to the Middle East and is committed to invest RM56mil for a 29% stake in the venture. Saudi Telecom also has a stake in Astro sister company, Maxis Communications Bhd. (The Star Online, Malaysia -- Business)
Up close and personal with David Gill Jul 25, 2009
Saudi Telecom, a partner of ours, theyve done some TV ads, and likewise, 3 Indonesia. They use our players to deliver their brand. (The Star Online, Malaysia -- Business)
Pricing and valuations main factors if Maxis wants to re-list Jul 24, 2009
Maxis already has a Saudi investor in Saudi Telecom Co, which paid RM11bil for a 25% stake in Binariang GSM, the parent company of Maxis, he said. The valuation of Maxis today is subject to a wide range of factors such as future earnings potential, business risks as well as funding requirements. (The Star Online, Malaysia -- Business)
Man Utd parent company makes loss Apr 10, 2009
In season 2007/08, it also signed a number of new commercial partners - including Saudi Telecom, Diageo, and Seoul Metropolitan Government - and renewed deals with Budweiser, Travelcare, and GSK.. On a group basis, the debt to the hedge funds is soaking up the profits from the club playing side. (BBC News -- Business)
Man Utd in shirt sponsor proposal to Tata Group Mar 27, 2009
Saudi Telecom and British insurer Prudential have also been linked as potential backers of United, who rely on sponsorship for around a third of their revenue. Reuters. (The Star Online, Malaysia -- Sports)
Research and Markets: Early-Stage Market Pay-TV in Africa and the Middle East Prepares for Expansion Feb 20, 2009
Saudi Telecom Company (STC). Showtime Arabia. (Yahoo! Wire -- Entertainment News)
Symsoft to Show New Innovative Services Based on the Nobill Platform at the 2009 GSMA Mobile World Congress Feb 16, 2009
Symsoft's customers include leading telecom operators such as Millicom, Polkomtel, Qtel, Saudi Telecom, Telefonica, Telenor and TeliaSonera. Founded in 1989 and headquartered in Stockholm, Sweden, Symsoft has local presence in four regions and operational systems in more than 30 countries. (PR Newswire)
Real Madrid Tops Soccer Rich List Again as Weak Pound Hits Manchester Utd. Feb 12, 2009
United, which is looking for a new shirt sponsor after troubled U.S. insurer American International Group Inc. said it wont renew, will get increased commercial revenue next year because of new sponsorships with Saudi Telecom Co. and Swiss watchmaker Hublot. It also extended a partnership with Anheuser- Busch Cos. (Bloomberg -- UK)
Publicis Groupe: 2008 Annual Results Feb 11, 2009
Alimenticas Corralito (Venezuela), ING Direct (Italy, France and Malaysia), Intesa (Italy), ISPA (United States), John Middleton Tobacco (United States), Johnnie Walker (Venezuela), Karsten (Brazil), Kellogg's - Special K (Germany), Kuwait Telecom Company (Kuwait), Leumi Card (Israel), Mars (Dubai, United Arab Emirates), Mayfair (Morocco), Mazola (United States), McDonald's (United-Kingdom), Mercedes (Portugal), Metlife (Mexico), Mobicom Telco (Hong Kong), Mont Blanc (Italy), MSD (Korea), Night... (PR Newswire)
