Saudi Telecom May Sell Maxis Parent Stake

Telecom companies, including SCC, expanded into Asian markets due to saturated domestic markets. However, these investments did not yield expected growth, prompting reevaluation of stakes. STC is cautiously exploring sales, with potential buyers like Malaysian pension funds. Market reactions vary, with Maxis investors optimistic, while STC shares dropped. Despite potential benefits from divesting non-performing assets, Saudi investors are concerned about broader economic issues, such as slowing growth and oil price slumps.

In what ways could the proceeds from STC's potential sale benefit its investors?

What challenges are Saudi investors facing that may affect their perception of STC's deal?