Over the past few days, reports had emerged that Norwegian telco, Telenor ASA, might be considering a sale of its stake in Digi.Com Bhd, and Saudi Telecom Co was said to be exploring options to dispose of its indirect stake in Maxis Bhd. Telenor bought into Digi in 2008 with a 61% stake, but had scaled it down to 49% worth about RM18bil. In another report, Bloomberg quoting sources said Saudi Telecom was exploring options for its indirect stake in Maxis. It added that the Binariang holding gives Saudi Telecom an effective 16.2% interest in Maxis valued at about US$1.8bil. No comment was obtained by Bloomberg from Saudi Telecom and Maxis.

Source: The Star September 19, 2016 23:24 UTC