Malaysia's Krishnan to make Maxis buy-out offer

Kuala Lumpur, Apr 30: Malaysian tycoon Ananda Krishnan plans to buy out the country's largest mobile-phone company, Maxis Communications Bhd , the firm said on Monday.

It said the offer would be made by Usaha Tegas Sdn Bhd (UTSB) and its affiliates through a special purpose vehicle.

Usaha Tegas is controlled by Krishnan, who held an indirect interest of 47.05 percent in Maxis as of April last year, according to Maxis data.

''UTSB has indicated that, barring unforeseen circumstances, the notice of takeover offer will be served on the company on or before 3 May 2007,'' Maxis said.

Reuters>