01 April 2009
Type | Announcement |
Subject | RECEIPT OF RM2,000.0 MILLION FROM AXIATA GROUP BERHAD (FORMERLY KNOWN AS TM INTERNATIONAL BERHAD) [“AXIATA”] |
Contents | Telekom Malaysia Berhad ("TM") is pleased to announce that it has received a payment of RM2,000.0 million from Axiata on the afternoon of 31 March 2009. The payment of RM2,000.0 million represents approximately half of the amount owing from Axiata to TM of RM4,025.0 million and any interest earned on the monies in accordance with the terms of the Demerger Agreement dated 10 December 2007, as a result of the demerger exercise of the TM group which was completed on 25 April 2008. The payment from Axiata is received approximately 1 month earlier than the 24 April 2009 repayment deadline. This announcement is dated 1 April 2009. |
Company Name | TELEKOM MALAYSIA BERHAD |
Stock Name | TM |
Date Announced | 1 Apr 2009 |
Category | General Announcement |
Reference No | TM-090401-6BB17 |