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August 23, 2005
Telecom Malaysia expands into Singapore
Telecom Malaysia, the state-controlled telecom operator has agreed jointly with Khazanah Nasional to buy 12.06% stake in MobileOne Ltd., one of Singapore's largest mobile-phone companies, raising their stake in the company to 17.7%.
The move appears to be a shift in strategy, given that in the past Telekom Malaysia invested in hot markets such as Indonesia, Cambodia, Bangladesh (ATKTEL) and Sri Lanka, and wants to expand to India and Pakistan.
Analyst believe MobileOne will provide TM with critical technology knowhow.
Posted by admin at August 23, 2005 02:54 PM