We refer to our earlier announcement on 25 April 2011 on the entry by Celcom Axiata Berhad (“Celcom”) into Shareholders Agreement with 23 other parties to form a consortium under the name of “Konsortium Rangkaian Serantau Sdn Bhd” (formerly known as My Regional Network Company Sdn Bhd) (“KRSSB”) for the purpose of implementing one of the entry points projects entitled “Regional Network” (“Shareholders’ Agreement”).
Further to the above, we are pleased to announce that Celcom had, on 25 July 2011, completed the subscription of shares in KRSSB as stipulated under the Shareholders’ Agreement. To-date, Celcom’s total shareholding in KRSSB comprises of 50,000 ordinary shares of RM1.00 each representing 4.17% equity interest therein.
This announcement is dated 26 July 2011.
