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We refer to our announcement dated 29 April 2005 on the above matter (in particular paragraphs 1 and 4).

Telekom Malaysia Berhad (“TM”) wishes to announce that its wholly-owned subsidiary, Celcom Transmission (M) Sdn Bhd (“CTX”), held through Celcom (Malaysia) Berhad (“Celcom”), has on 5 December 2005 entered into a Deed of Variation with Fibrecomm Network (M) Sdn Bhd (“Fibrecomm”) ("Deed of Variation") for the purposes of varying the terms of the Deed of Assignment dated 29 April 2005 between CTX and Fibrecomm ("Deed of Assignment"). CTX holds 41% of the total issued and paid up capital of Fibrecomm.

Pursuant to the Deed of Variation, CTX has agreed, subject to the relevant approvals being obtained from the regulatory authorities, to assign all its rights, title and interest in and to the Network Facilities Provider (Individual) Licence and the Network Services Provider (Individual) Licence held by CTX under the Communications and Multimedia Act 1998, to Fibrecomm.

The Deed of Assignment dated 29 April 2005 and the Deed of Variation dated 5 December 2005 are available for inspection at the registered office of TM at Level 51, North Wing, Menara TM, Jalan Pantai Baharu, 50672 Kuala Lumpur during normal office hours from Mondays to Fridays for a period of 3 months from the date of this announcement.