KUALA LUMPUR: Maxis Communications Bhd may invest at US$500mil in its loss-making Indian telecom operations Aircel, India's Economic Times reported on Monday.Maxis Communications – which holds a 74% stake in – and led by billionaire Ananda Krishnan remains committed to its loss-making Indian telecom operations after having invested US$7bil over a decade without generating returns, the newspaper said.The Economic Times said Maxis Communications might look to invest at least US$500mil but the number could even double to US$1.1bil, depending on the company's final debt-resolution plan to fund capital expenditure and even buy back key tower infrastructure.The company had sold its 4G airwaves to Bharti Airtel in anticipation of a merger with Reliance Communications.The merger talks lasted nearly nine months, but eventually fizzled out due to the time taken for approvals, the newspaper said.

Source: The Star December 18, 2017 06:14 UTC