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.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!