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.
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