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Memorandum Of Understanding Between TM International Sdn Bhd And Saudi Telecom Company

07 July 2006

Type

 Announcement
Subject MEMORANDUM OF UNDERSTANDING BETWEEN TM INTERNATIONAL SDN BHD AND SAUDI TELECOM COMPANY

Contents :

    We refer to our announcement dated 3 May 2006 regarding the Memorandum of Understanding ("MOU") entered into by our wholly owned subsidiary, TM International Sdn Bhd (242188-H) ("TMI"), with Saudi Telecom Company of the Kingdom of Saudi Arabia ("STC") to pursue an opportunity to provide to a bid vehicle, to be set up by STC, with certain marketing and technical services relating to the bid by STC and its consortium partners for the third mobile licence in Egypt.

The bid vehicle ("Bidco") was intended to be established after the STC-led consortium has been awarded the third mobile licence in Egypt. On establishing the Bidco, TMI will enter into a management services agreement with Bidco for the services aforesaid.

We have received notification from STC that they have not been successful in the bid for the said third mobile license, which was awarded via an auction in Egypt on 4 July 2006.

Announcement Info

Company Name TELEKOM MALAYSIA BERHAD
Stock Name TM
Date Announced 7 Jul 2006
Category General Announcement
Reference No TM-060707-54493