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Back 30 Jan 2018
Type Announcement
Subject OTHERS
Description

SPECTRUM ASSIGNMENT IN THE 2100MHZ BAND

Axiata Group Berhad wishes to announce that its wholly-owned subsidiary, Celcom Axiata Berhad (“Celcom”) had, received an offer from the Malaysian Communications and Multimedia Commission (“MCMC”) on the reissuance of the existing Spectrum Assignment in 1950 MHz to 1965MHz and 2140 MHz to 2155MHz for a period of 16 years effective from 2 April 2018, subject to price component payment of RM118,400,000 being made in one lump sum before 1 February 2018 and annual fixed fee payment of RM50,000,000 payable before 15 December throughout the assignment period.

 

Celcom has submitted the price component fee of RM118,400,000 in one lump sum receipt of which has been acknowledged by MCMC today. The payment is funded mainly through its internally generated funds.

 

This announcement is dated 30 January 2018.





Announcement Info

Company Name AXIATA GROUP BERHAD
Stock Name AXIATA
Date Announced 30 Jan 2018
Category General Announcement for PLC
Reference Number GA1-29012018-00114