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Proposed Acquisition By Tm International Sdn Bhd ("TM International"), A Wholly-Owned Subsidiary Of TM, Of The Entire Equity Interest Of Distacom Communications (India) Limited ("DCIL"), Which Has A 49% Equity Interest In Spice Communications Private Limited, For A Cash Consideration Of United States Of America Dollar 178.8 Million ("Proposed Acquisition")

10 May 2006

Type

 Announcement
Subject TELEKOM MALAYSIA BERHAD (“TM”)

PROPOSED ACQUISITION BY TM INTERNATIONAL SDN BHD (“TM INTERNATIONAL”), A WHOLLY-OWNED SUBSIDIARY OF TM, OF THE ENTIRE EQUITY INTEREST OF DISTACOM COMMUNICATIONS (INDIA) LIMITED (“DCIL”), WHICH HAS A 49% EQUITY INTEREST IN SPICE COMMUNICATIONS PRIVATE LIMITED, FOR A CASH CONSIDERATION OF UNITED STATES OF AMERICA DOLLAR 178.8 MILLION (“PROPOSED ACQUISITION”)

Contents :

We refer to our announcement dated 10 March 2006 on the Proposed Acquisition.


On behalf of TM, we are pleased to announce that TM International had today completed the Proposed Acquisition. With the completion of the Proposed Acquisition, DCIL is now a wholly-owned subsidiary of TM International.

This announcement is dated 10 May 2006.


Announcement Info

Company Name TELEKOM MALAYSIA BERHAD
Stock Name TM
Date Announced 10 May 2006
Category General Announcement
Reference No MM-060510-58818