While the former Aircel owner, C. Sivasankaran, reportedly told CBI officials that he was forced to sell his stake to the Malaysian company, Maxis Communications has said its acquisition of Aircel was made “after a negotiated process in which both parties had extensive professional advice. It was a competitive process involving other bidders…Maxis succeeded because it offered the best terms. There was, to Maxis' knowledge, no pressure exerted on [Mr. Sivasankaran] to sell [his] stake in Aircel.” The company also said there is “no linkage between Maxis' investment in Aircel and that of Astro's investment in Sun Direct TV.”
We should be surprised only if Maxis, eta al admit Sivasankaran's claim!
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