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Updates in Relation to Consortium Agreement Between Indocel Holding Sdn Bhd ("Indocel"), a Wholly Owned Subsidiary Company of TM International Berhad ("TMI") and Fanavari Moudj Khavar, JSC ("Fanamoj") And Sarmayegozarie Atiyeh Saba, JSC ("Atiyeh Saba") in Relation To the Bid ("Bid") For the Award of the Tender ("Tender") of A Third Public Mobile Network Licence ("Licence") In The Islamic Republic Of Iran

Back 26 Nov 2008

General Announcement

Reference No TI-081126-57547


 

Submitting Merchant Bank
:
 N/A 
Company Name
:
 TM INTERNATIONAL BERHAD 
Stock Name
:
 TMI
Date Announced
:
 26/11/2008



 

Type
:

Announcement

Subject
:
UPDATES IN RELATION TO CONSORTIUM AGREEMENT BETWEEN INDOCEL HOLDING SDN BHD ("INDOCEL"), A WHOLLY OWNED SUBSIDIARY COMPANY OF TM INTERNATIONAL BERHAD ("TMI") AND FANAVARI MOUDJ KHAVAR, JSC ("FANAMOJ") AND SARMAYEGOZARIE ATIYEH SABA, JSC ("ATIYEH SABA") IN RELATION TO THE BID ("BID") FOR THE AWARD OF THE TENDER ("TENDER") OF A THIRD PUBLIC MOBILE NETWORK LICENCE ("LICENCE") IN THE ISLAMIC REPUBLIC OF IRAN


 

Contents
:
Pursuant to the relevant provisions of Chapter 9 of the Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") and letter from Bursa Securities dated 4 August 2006, TMI wishes to provide updates in relation to the above.


Announcement Details :


 

By way of the Consortium Agreement, TMI (via Indocel), Fanamoj and Atiyeh Saba have agreed to establish an unincorporated consortium ("Consortium") for purposes of participating in the Tender. The Consortium had on 19 November 2008 submitted their pre-qualification application in respect of the Tender.

 

The Consortium has yet to be notified on the outcome of the pre-qualification application from the Communications Regulatory Authority of Iran as to whether the Consortium will be eligible to submit their Bid.

 

This announcement is dated 26 November 2008.