Telekom is not letting up


  • Business Premium
  • Saturday, 01 Mar 2003

CELCOM (M) Bhd is due soon to go before its shareholders to seek approval of its proposed acquisition of TM Cellular Sdn Bhd. Yet, the uncertainty caused by its differences with German minority shareholder Deutsche Telekom has undoubtedly cast a pall over the deal. 

Now that negotiations between Deutsche and Celcom have fallen through, industry observers choose to tread cautiously with regard to the stocks of Celcom and Telekom Malaysia Bhd, the parent company of TM Cellular. 

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Astro posts RM106mil profit in 3Q, declares 1.5 sen dividend Premium
KLCI back above 1,500-level on last-minute buying Premium
Bursa Malaysia launches Bursa Digital Research to bridge information gap among investors Premium
China's Kaisa kicks off US$12bil debt restructuring after missing pay date Premium
Oil adds to gains as worries over Omicron ease Premium
Air passenger traffic to grow by over 300% in 2022 Premium
Building material cost index in Peninsular Malaysia increased between 0.1% and 1.3% in Nov Premium
FBM KLCI slightly higher amid ongoing consolidation Premium
Malaysian banks continue to show resilience in 2021 despite economic headwinds Premium
Ringgit firmer against US dollar at opening Premium

Others Also Read


Vouchers