70 / 284
Axiata Group Berhad | Annual Report 2016
CORPORATE PROFILE
068
SIGNIFICANT
MILESTONES
2017
9 JANUARY
Axiata Digital completed the incorporation of
Axiata Digital eCode Sdn Bhd to carry out the
business of researching and developing internet
services and mobile applications.
18 JANUARY
edotco Group and Axiata entered into the
following agreements:-
•
Share Subscription Agreement between
edotco and Innovation Network Corporation
of Japan (INCJ) on the subscription by
INCJ of up to 546,539,249 ordinary shares
of RM1.00 each in edotco Group (edotco
Shares) at a cash consideration of up to
USD400.00 million; and
•
Share Purchase Agreement between Axiata
and Mount Bintang Ventures Sdn. Bhd.
(MBVSB), a wholly-owned subsidiary of
Khazanah for the purchase by MBVSB of
273,269,624 edotco Shares at a purchase
consideration of USD200.00 million.
27 JANUARY
Completion of private placements of edotco
Shares equivalent to USD300.0 million and
USD200.00 million to INCJ and Khazanah.
Shareholders' Agreement between edotco
Group, Axiata, INCJ and Khazanah to govern the
parties' relationship in edotco Group became
effective.
20 MARCH
The Board of Directors of Idea Cellular Ltd
approved the scheme of amalgamation of Idea
and Vodafone India Limited and its wholly-owned
subsidiary, Vodafone Mobile Services Limited
with Idea (Proposed Merger).
2016
28 JANUARY
Celcom and its wholly-owned subsidiaries;
namely, Celcom Mobile Sdn Bhd (Celcom
Mobile) and Celcom Networks Sdn Bhd (Celcom
Networks) entered into the following agreements
with TM:-
•
Memorandum of Agreement for the next
phase of infrastructure collaboration; and
•
Domestic Roaming Services and Domestic
Roaming Facilities Agreement between
Celcom, TM and Packet One Networks
(Malaysia) Sdn Bhd (P1) for the provision by
and provide support services to software
technologies, products and solutions.
24 MARCH
Completion of acquisition of Edotco Pakistan
(Private) by Axiata Investments (Labuan) Limited,
a wholly owned subsidiary of Axiata.
24 MARCH
Axiata SPV2, a wholly-owned subsidiary of Axiata
successfully priced USD500.00 million Sukuk to
be listed and quoted on Bursa Malaysia (under the
Exempt Regime) and on the Singapore Exchange
Securities Trading Limited.
11 APRIL
Completion of the acquisition of Ncell.
3 MAY
Axiata Digital completed the incorporation
of VM Digital (Thailand) Co., Ltd., to operate
telecommunications and all all types of
communication businesses.
9 MAY
XL entered into a Deed of Establishment with
PT Indosat Tbk for the establishment of a joint
venture, PT One Indonesia Synergy Tbk.
26 MAY
Axiata shareholders approved the establishment
of Axiata's new LTIP replacing the existing LTIP
which will expire in April 2019. The new LTIP is
for a period of ten years from the effective date
of the LTIP.
15 JUNE
XL received the ‘Dissolution Certificate’ from
Labuan Financial Services Authority for its
wholly-owned subsidiary companies, namely,
GSM One (L) Limited (GSM One) and GSM Two (L)
Limited (GSM Two).
24 JUNE
Robi and Bharti extended the agreement on the
merger of Robi with Airtel Bangladesh until 26
September 2016.
29 JULY
Axiata completed the incorporation of Axiata
Business Services SdnBhd toprovide international
carrier services, global communications products,
managed information, communications and
technology and Internet-of-Things.
Celcom of 2G and/or 3G Domestic Roaming
Services and 2G and/or 3G Domestic
Roaming Facilities to P1.
28 JANUARY
Robi entered into an agreement with Bharti
Airtel Holdings (Singapore) Pte. Ltd. (Bharti)
for the merger of Robi with Airtel Bangladesh
Limited (Airtel Bangladesh) on the terms set
in the agreement and Companies Act 1994 of
Bangladesh.
1 FEBRUARY
Celcom and Celcom Mobile received notices
of spectrum reallocation from Malaysian
Communications and Multimedia Commission
(MCMC) for both the 900MHz and 1800MHz
bands.
In line with the Government’s decision to optimise
the use of spectrum resources, the following
frequency bands will be allocated to Celcom by
way of Spectrum Assignment:-
•
890MHz to 900MHz paired with 935MHz to
945MHz with effect from 1 July 2017; and
•
1745MHz to 1765MHz paired with 1840MHz
to 1860MHz with effect from 1 January
2017.
Based on the notice from MCMC, Celcom’s
spectrum allocation, compared to the current
allocation, will be lowered from 2x17MHz to
2x10MHz in 900MHz band, and from 2x25MHz to
2x20MHz in 1800MHz band.
17 FEBRUARY
Acquisition of entire issued and paid-up capital
of Reynolds Holdings Limited (Reynolds)
which in turn holds 80% equity interest in Ncell
was approved by Axiata shareholders at an
Extraordinary General Meeting.
25 FEBRUARY
Axiata Digital completed the incorporation of AD
Video Sdn Bhd to establish, maintain and operate
internet-based multimedia services.
10 MARCH
XL shareholders approved the establishment by
XL Long Term Incentive Plan (LTIP) 2016-2020
for eligible employees and Directors of XL at an
Extraordinary General Meeting of Shareholders.
17 MARCH
WSO2.Telco Inc., a subsidiary of Axiata Digital,
completed the incorporation of WSO2.Telco
(Private) Limited in Sri Lanka to develop