Pursuant to Paragraph 10.09(2)(e) of the Main Market Listing Requirements and Practice Note 12 of Bursa Malaysia Securities Berhad, TM wishes to announce that the actual value of the RRPT entered into by TM and its subsidiaries with Axiata Group Berhad, have exceeded the estimated value of the RRPT disclosed in the Circular to Shareholders dated 12 April 2013 by more than 10% (“Shareholders’ Mandate”). The Shareholders’ Mandate was subsequently renewed by shareholders of TM at an Extraordinary General Meeting held on 8 May 2014.
Further details are provided in Table A below:
Table A
|
Mandated Related Party
|
Transaction
|
Estimated Value as disclosed in Circular dated 12 April 2013
RM'000
|
Actual Value transacted from 7 May 2013 to April 2014
RM'000
|
Difference between Actual Value and Estimated Value
RM'000
|
Difference between Actual Value and Estimated Value in percentage
(%)
|
Reason for difference
|
|
Axiata Group
Berhad
|
Provision of Voice Over Internet Protocol related
services to Axiata Group
|
42,444
|
77,537
|
35,093
|
82.68
|
Due to higher traffic recorded by TM’s customers to countries where the Axiata Group operates.
|
|
Axiata Group
Berhad
|
Site rental for
telecommunication
infrastructure, equipments
and related charges by our Group to Axiata Group (on a
monthly or quarterly basis)
|
25,508
|
43,646
|
18,183
|
71.11
|
Due to rate revision and additional site charges in view of expiry of the agreement in relation to site rental.
|
|
Axiata Group
Berhad
|
Leased-line charges by Axiata Group.
|
407
|
1,530
|
1,123
|
275.92
|
Due to additional capacity requirements requested.
|
|
Axiata Group Berhad
|
Provision of contact centre and business process outsourcing services to Axiata Group
|
69,000
|
94,285
|
25,285
|
36.64
|
Due to revised contract value upon negotiation with Celcom Axiata Berhad.
|
This announcement is dated 19 May 2014.
Announcement Info
| Company Name |
TELEKOM MALAYSIA BERHAD |
| Stock Name |
TM |
| Date Announced |
19 May 2014 |
| Category |
General Announcement |
| Reference No |
TM-140519-59207 |
|