(Bloomberg) -- Billionaire T. Ananda Krishnan plans to buy full control of Maxis Communications Bhd., Malaysia's biggest mobile-phone operator, which is valued at $9.6 billion.
Krishnan's Usaha Tegas Sdn. and affiliates plan to make an offer to buy all shares they don't already own by May 3, Maxis said today in a statement to the stock exchange in Kuala Lumpur. Sarah Lim, a Maxis spokeswoman, declined to say why Krishnan planned a bid or comment on financial terms.
Read more at Bloomberg Emerging Markets News
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