Celcom shareholders okay TM Cellular buy

  • Business Premium
  • Friday, 21 Mar 2003

It was a huge victory for Celcom (M) Bhd when it won shareholders' approval at an EGM yesterday to buy TM Cellular Sdn Bhd for RM1.68bil, although Deutsche Telekom (DT) opposed the plan. 

The company also revealed that it would stick to the Celcom brand name for the merged entity while TMTouch would be phased out. This will take effect in the third quarter of the year. 

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