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Acceptance By Telekom Malaysia Berhad On The Government's Award On High Speed Broadband Project

02 September 2008

Type Announcement
Subject ACCEPTANCE BY TELEKOM MALAYSIA BERHAD ON THE GOVERNMENT’S AWARD ON HIGH SPEED BROADBAND PROJECT
Contents We refer to our announcement dated 15 May 2008 [Reference No. TM-080515-63438] in relation to the abovementioned matter.
Telekom Malaysia Berhad (“TM”) is pleased to announce the acceptance of a Letter of Award (“LoA”) from the Government of Malaysia (“the Government”) for the implementation of the High Speed Broadband (“HSBB”) Project in collaboration with the Government to deploy the access, domestic core and international networks to deliver an end-to-end HSBB infrastructure. The total cost of the HSBB investment for a period of ten (10) years is RM11.31 billion whereby the Government will be investing RM2.4 billion and the remaining RM8.91 billion from TM.

With the acceptance of the LoA by TM, the parties will enter into a formal agreement (“HSBB Agreement”) based on mutually agreed terms and conditions in due course. Further details and relevant information would be announced upon the execution of the HSBB Agreement between the Government and TM.

None of the Directors or major shareholders or persons connected to the Directors or major shareholders of the Company has any direct or indirect interest in the HSBB Project.

This announcement is dated 2 September 2008.

Announcement Info

Company Name TELEKOM MALAYSIA BERHAD
Stock Name TM
Date Announced 2 Sept 2008
Category General Announcement
Reference No TM-080902-62305