Investors

Axiata strives to raise our shareholder value by striking a balance between
short-term profitability and long-term growth.

Telekom Malaysia Berhad ("TM") (I) Proposed Demerger Of The TM Group ("Proposed Demerger"); And
(II) Proposed Acquisition By Tm International Berhad And Indocel Holding Sdn Bhd, Both Wholly-Owned Subsidiaries Of TM, From Khazanah Nasional Berhad Of Equity Interests In Sunshare Investments Ltd And Pt Excelcomindo Pratama Tbk ("Proposed Acquisition")

Back 22 Feb 2008
General Announcement
Reference No MM-080222-64643

Submitting Merchant Bank
:
 CIMB INVESTMENT BANK BERHAD 
Company Name
:
 TELEKOM MALAYSIA BERHAD 
Stock Name
:
 TM
Date Announced
:
 22/02/2008


Type : Announcement
Subject : TELEKOM MALAYSIA BERHAD ("TM")

(I) PROPOSED DEMERGER OF THE TM GROUP ("PROPOSED DEMERGER"); AND

(II) PROPOSED ACQUISITION BY TM INTERNATIONAL BERHAD AND INDOCEL HOLDING SDN BHD, BOTH WHOLLY-OWNED SUBSIDIARIES OF TM, FROM KHAZANAH NASIONAL BERHAD OF EQUITY INTERESTS IN SUNSHARE INVESTMENTS LTD AND PT EXCELCOMINDO PRATAMA TBK ("PROPOSED ACQUISITION")

Contents :
Not for distribution in the United States of America

We refer to our announcement dated 10 December 2007 in relation to, amongst others, the Proposed Demerger and our announcement dated 6 February 2008 in relation to the Proposed Acquisition.

On behalf of TM's Board of Directors, we, CIMB Investment Bank Berhad, are pleased to announce that the Malaysian Communications and Multimedia Commission had, through its letter dated 21 February 2008, approved the transfer of the 3G Spectrum Assignment (as defined in Section 5 of our announcement dated 10 December 2007) from TM to Celcom (Malaysia) Berhad.

On behalf of TM's Board of Directors, we are also pleased to announce that applications to the Securities Commission ("SC") and the SC (on behalf of the Foreign Investment Committee) in relation to the Proposed Acquisition have been made today.

This announcement is dated 22 February 2008.


This announcement is not an offer for sale of securities in any jurisdiction, including in the United States of America ("US"). Securities may not be offered or sold in the US absent registration or an exemption from registration under the US Securities Act 1933, as amended. None of TM, TM International or any seller of securities intends to register any portion of the offering in the US or to conduct a public offering of securities in the US.