Deutsche Telekom seen selling stake in Celcom soon


  • Business
  • Thursday, 23 Jan 2003

DEUTSCHE Telekom AG will sell its 8% stake in mobile operator Celcom (Malaysia) Bhd by March, according to a Celcom source.  

The sale will help the troubled German telecoms giant to cut debts of US$68bil while smoothening the way for Celcom's planned merger with Telekom Malaysia Bhd's cellular arm TM Cellular Sdn Bhd – a union which will create Malaysia's largest mobile group. 

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