Article Entitled:"Telekom, Maxis May Acquire At&t Stake"

21 April 2004

Type

Reply to query
Reply to Query Letter by KLSE reference ID ZO-040420-57955
Subject ARTICLE ENTITLED:"Telekom, Maxis may acquire AT&T stake"

Contents :

The letter dated 20 April 2004 from the Exchange regarding the following news article appearing in The Malay Mail, MailMoney section, page 24, on Tuesday, 20 April 2004 refers:-


"TELEKOM Malaysia Bhd.....interested in acquiring AT&T Wireless Services Inc.'s 33.3 per cent stake in India's Idea Cellular Ltd...."

We wish to inform the Exchange that Telekom Malaysia Berhad (TM) is continuously reviewing available investment opportunities overseas in line with its current international strategy and Idea Cellular Ltd. is a potential opportunity that TM is looking at.

Any new investments overseas would have to be prudently and carefully considered to ensure its strategic fit into the overall Group strategy. TM would certainly make the necessary announcement to the Exchange on substantial investments at the appropriate time.

Query Letter Contents :

We refer to the above news article appearing in The Malay Mail, MailMoney
section, page 24, on Tuesday, 20 April 2004, a copy of which is enclosed for
your reference.
In particular, we would like to draw your attention to the underlined sentence,
which is reproduced as follows:-
"TELEKOM Malaysia Bhd ... interested in acquiring AT&T Wireless Services Inc's
33.3 per cent stake in India's Idea Cellular Ltd ..."
In accordance with the Exchange's Corporate Disclosure Policy, you are
requested to furnish the Exchange with an announcement for public release
confirming or denying the above reported article and in particular the
underlined sentence after due and diligent enquiry with all the directors,
major shareholders and all such other persons reasonably familiar with the
matters about which the disclosure is to be made in this respect. In the event
you deny the above sentence or any other part of the above reported article,
you are required to set forth facts sufficient to clarify any misleading
aspects of the same. In the event you confirm the above sentence or any other
part of the above reported article, you are required to set forth facts
sufficient to support the same.
Please furnish the Exchange with your reply within one (1) market day from the
date hereof.
Yours faithfully

LISA LAM
Sector Head , Issues & Listing
KLL/ZOOS
c.c. Securities Commission (via fax)


Announcement Info

Company Name TELEKOM MALAYSIA BERHAD
Stock Name TELEKOM
Date Announced 21 Apr 2004
Category General Announcement
Reference No TM-040421-61395