Maxis Communications Bhd denies plans to exit Aircel
13 Sep 2007
Mumbai: Malaysian cellular phone firm Maxis Communications Bhd has denied news reports of a planned exit from India''s Aircel.
Clarifying to a news item in The Times of India of September 12, 2007, titled "Is Maxis planning to exit Aircel?", Maxis said:
"This report is speculative, having no basis whatsoever. No representative or executive from either Aircel or Maxis have been in any discussion with Reliance about this matter."
"Maxis
Communications is committed to the Indian telecommunications market as a long-term
investor. Together with the Apollo Group, our Indian partner, Maxis is accelerating
investments in network infrastructure to further develop Aircel as a strong Pan-Indian
operator," it added.