maxis communications

Amazon faces serious allegations in California. New court filings reveal the e-commerce giant allegedly pressured major brands like Levi's and Hanes. The company reportedly asked these brands to raise prices on rival websites. This action aimed to prevent lower prices elsewhere and maintain Amazon's market position.

Angered by the continuing failure of Malaysian businessman T Ananda Krishnan, who has a significant stake in Aircel-Dishnet, to heed the summons issued to him, the Supreme Court on Friday renewed its threat to scuttle the proposed merger of the service provider with Reliance Communications and ask the Centre to auction the spectrum allotted to it if he did not submit himself to Indian law.

In the biggest consolidation deal in India's telecom sector, Reliance Communications and Aircel on Wednesday announced the merger of their wireless operations to create a combined entity with assets worth Rs 65,000 crore.

GTL Infra and Aircel are close to an agreement under which the mobile telephony operator would pay Manoj Tirodkar’s tower company Rs 1,800 crore for failing to meet certain business obligations, said people directly familiar with the matter.

New Delhi, Jul 8 () Activist-lawyer Prashant Bhushan today demanded immediate freezing of spectrum held by Aircel, alleging that its Malaysian parent Maxis will "abscond" if the proposed deals with Airtel and RCom are allowed to go through.

The CBI on Sunday registered a case against former telecom minister Dayanidhi Maran, his brother and Sun TV managing director Kalanithi Maran and maxis communications promoter T Ananda Krishnan.

The CBI court in February this year discharged all the accused, including Dayanidhi Maran and his brother Kalanithi, saying that there was no prima facie case.

The CBI is set to file a chargesheet against former telecom minister Dayanidhi Maran in the controversial Aircel-Maxis deal despite incomplete information from Malaysia.

Speculation is mounting in telecom circles that the Malaysia-based Maxis Telecom is looking to cash out of its Indian operations by selling its stake in Aircel Cellular.

The investigation has revealed that Dayanidhi Maran did not raise objection to the proposal of foreign investment by the Global Communication Services Holding Ltd in Aircel Ltd in 2006.

New Delhi, Apr 2 () maxis communications is providing Rs 95 crore to its troubled telecom subsidiary Aircel for settling outstanding staff salaries and meeting immediate operational expenses.

CBI has said Dayanidhi delayed grant of licences in seven telecom circles to Aircel on “frivolous grounds” with the intention of forcing its exit from telecom business.

New Delhi, Jul 10 () Telecom Ministry is learnt to have cleared the Rs 3,500-crore 4G spectrum trading deal between service providers Bharti Airtel and Aircel. "The spectrum trading deal between Bharti Airtel and Aircel was cleared by the telecom minister on July 4," an official source told .

Former telecom minister Dayanidhi Maran has been questioned by the CBI in connection with the allegations that he had received Rs 547 crore as kickbacks from a Malaysian company in the controversial Aircel-Maxis deal.

GTL Infrastructure and mobile telephone operator Aircel are sparring over a mega tower deal gone sour.

In May 2008, Sterling Group moved the Madras High Court and sought an order restraining Maxis from alienating its stake in Aircel to any third parties.

Maran had "pressurized" and "forced" Chennai-based telecom promoter C Sivasankaran to sell his stakes in Aircel and two subsidiary firms to Malaysian firm Maxis Group in 2006, the CBI told a special court.

Moody's Investors Service has placed under review for downgrade Reliance Communications’ (RCOM) Ba3 corporate family rating and senior secured rating following the announcement of its plan to merge its wireless business with Aircel and its results for the first quarter of 2016-17.

The CBI made the submission in a chargesheet it filed recently before special CBI judge O P Saini, saying it would investigate the circumstances of the Foreign Investment Promotion Board (FIPB) approval granted by the then finance minister in 2006.

Acting on a CBI plea, a special CBI court has issued judicial requests to four countries seeking details of money trail in the Aircel-Maxis deal in which former telecom minister Dayanidhi Maran is an accused.

The year 2005 could not have ended on a better note than this for rookie businessman C Sivasankaran.

The CBI chargesheet against Dayanidhi Maran in the Aircel-Maxis deal related to the 2G spectrum scandal may have to wait for some more time as the law ministry has reportedly sent the file back to the agency seeking some clarifications on its revelations.

maxis communications is on the look-out for entering Indian market and may clinch a deal with Aircel for picking 26% equity soon.

Malaysian telecom giant maxis communications has written a letter to Indian authorities saying attorney general Mukul Rohatgi was "selectively briefed" before a decision was taken by CBI to chargesheet Kalanithi and Dayanidhi Maran for their role in the Aircel-Maxis deal.

Ahead of a Delhi trial court deciding on framing of charges in a 2G spectrum case relating to a controversial takeover of Aircel by Malaysian company Maxis in 2006, the Supreme Court stayed the proposed sale of airwaves by Aircel-Maxis to Airtel and Reliance Communications.

Malaysia-based Maxis has reportedly conveyed to CBI that its business was getting affected due to CBI probe and it was not involved in any unlawful activity.

Malaysian billionaire of Indian origin T Ananda Krishnan has held direct talks with Russian telecom giant Sistema to sell 74% stake in his mobile telephony company Aircel, said sources aware of the development.

Central Bureau of Investigation teams will leave for Malaysia and Singapore later this week to hold talks with authorities there about the agency’s request seeking details about a company embroiled in the 2G spectrum controversy during Dayanidhi Maran’s tenure as telecom minister.