FASTTAKES: Maxis, Bharti, Vodafone Essar, Nokia

Staff Writer
06 Aug 2009
00:00

Details of deals planned by three different operators were leaked to the press overnight by various insider sources:

Malaysian mobile operator Maxis is close to choosing banks to support a planned IPO which could raise $2 billion.

Bharti Airtel is planning to make an offer for the Sri Lankan mobile network owned by Luxembourg-based Millicom. Bharti has already committed $250 million to its Sri Lankan arm.

Vodafone Essar has decided to sell a stake in its tower arm, after failing to negotiate a merger with one of its rivals. The division is worth at least $420 million.

In other news, Nokia has completed the acquisition of social networking software developer cellity for an undisclosed sum.

Iraq is considering blocking pornographic websites, or those which incite violence or crime, according to the nation's interior ministry.

US transport secretary Ray LaHood has voiced support for a proposed ban on texting while driving. A recent study indicated that texting drivers are 23 times more likely to crash.

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