We refer to our announcement on 23 March 2011 concerning the imposition by Axiata Group Berhad (“Axiata”) of a group-wide suspension against Alcatel-Lucent and its group of companies which includes Alcatel-Lucent Malaysia Sdn Bhd (“ALU Group”).
Axiata wishes to announce that the suspension of ALU Group from any invitation to submit any new tenders, enter into new contracts or continuing with any negotiations undertaken with any ALU Group member including any consortium, joint-venture or partnership of which any ALU Group member is a party, is now lifted with effect from 16 December 2011.
The decision to lift the suspension was made after a thorough review by Axiata which takes into consideration external agency reports on the institutionalisation of policies, compliance structures and higher ethical standards throughout ALU Group. It also takes into account satisfactory evidence and assurances by ALU Group that it has improved its policies and implemented enforceable measures to prevent a recurrence of any improper acts in the future and adherence to all applicable legal, regulatory and ethical requirements.
The whole process was based on Axiata’s zero tolerance policy against corruption in its business dealings and transactions.
This announcement is dated 16 December 2011.
