People familiar with the matter said that the Malaysian wealthy family, which controls Maxis Bhd. and U Mobile Sdn, has restarted the merger plan, and this deal is expected to create the wireless operator with the highest market capitalization in the country. People familiar with the matter claim that the late tycoon T. Maxis, supported by Ananda Krishnan's holding company, has entered the next stage of merger preparations, inviting a number of selected banks and law firms to submit proposals, or will soon finalize the advisory team. Some people familiar with the matter revealed that U Mobile shareholders may seek a valuation of no less than 10 billion ringgit in this transaction.

People familiar with the matter said that the Malaysian wealthy family, which controls Maxis Bhd. and U Mobile Sdn, has restarted the merger plan, and this deal is expected to create the wireless operator with the highest market capitalization in the country. People familiar with the matter claim that the late tycoon T. Maxis, supported by Ananda Krishnan's holding company, has entered the next stage of merger preparations, inviting a number of selected banks and law firms to submit proposals, or will soon finalize the advisory team. Some people familiar with the matter revealed that U Mobile shareholders may seek a valuation of no less than 10 billion ringgit in this transaction.