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Maxis to buy remainder 25% in Advanced Wireless Technologies

KUALA LUMPUR (NewsRise) -- Maxis plans to buy the remaining 25% stake in Advanced Wireless Technologies for 15.8 million ringgit ($3.53 million) from a sister company in a deal that would give the Malaysian telecom firm full ownership of the wireless services operator.

The deal to buy AWT from a unit of Astro Malaysia Holdings will allow Maxis to streamline its group structure, the company said in an exchange filing.

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