Legal Dispute With Dete Asia Holdings Gmbh ("DETE")

27 August 2004

Type

Announcement
Subject LEGAL DISPUTE WITH DETE ASIA HOLDINGS GMBH ("DeTe")

Contents :

We refer to our previous announcement dated 12 July 2004 in respect of the above arbitration proceedings instituted by DeTe against Celcom (Malaysia) Berhad (“Celcom”) a wholly owned subsidiary of Telekom Malaysia Berhad.


Celcom is in receipt of a letter dated 24 August 2004 from the Secretariat of the ICC International Court of Arbitration wherein the Secretariat noted that DeTe has by a letter dated 20 August 2004 now quantified its claim against Celcom in the above proceedings pursuant to an earlier request by the Arbitral Tribunal. DeTe has now quantified its principal claim as RM673,525,715.75 (amounting after currency conversion to USD177,243,609.41).

The Tribunal has also directed the parties to file their final written submissions by 8 November 2004. The Tribunal has also directed that parties present their oral submissions before the Tribunal in London on 7 and 8 January 2005.


Announcement Info

Company Name TELEKOM MALAYSIA BERHAD
Stock Name TELEKOM
Date Announced 27 Aug 2004
Category General Announcement
Reference No TM-040827-DB7E8