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Transactions (Chapter 10 Of Listing Requirements) : Recurrent Related Party Transactions

18 April 2018

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description VARIATION BY 10% OR MORE BETWEEN ACTUAL VALUE OF RECURRENT RELATED PARTY TRANSACTIONS (RRPT) AND ESTIMATED AGGREGATED VALUE

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 (Axiata), has exceeded the estimated value of the RRPT disclosed in the Circular to Shareholders dated 4 April 2017 by more than 10%. The Shareholders’ Mandate for the RRPT was renewed by shareholders of TM at an Annual General Meeting held on 26 April 2017.

Further details are provided in Table A below:

Mandated Related Party

Transaction

Estimated value as disclosed in last year's circular dated 4 April 2017

Actual value transacted from May 2017 to March 2018

Difference between Actual Value and Estimated Value

Difference between Actual Value and Estimated Value in percentage

Reason for the difference

RM'000

RM'000

RM'000

(%)

Axiata

Provision of Internet access and broadband services to Axiata Group

53

69

16

29.23

Due to additional broadband sales that resulted in higher utilisation of internet access.

Axiata

Provision of leased-line services to Axiata Group

6,747

8,211

1,464

21.70

Due to usage of additional circuits and extension of services.

Axiata

Site rental for telecommunication infrastructure, equipments and related charges by TM Group to Axiata Group

40,381

55,787

15,406

38.15

Due to additional contribution from rental of telecommunication infrastructure to Celcom

Axiata

Leased-line charges by Axiata Group

2,677

3,752

1,075

40.12

Due to additional overseas data charges and transmission connectivity services

Axiata

Domestic Roaming Charges by Celcom Axiata Berhad

155,101

305,475

150,374

96.95

Higher charges due to higher volume of usage

This announcement is dated 18 April 2018.




Announcement Info

Company Name TELEKOM MALAYSIA BERHAD
Stock Name TM
Date Announced 18 Apr 2018
Category General Announcement for PLC
Reference Number GA1-18042018-00065