Telekom Malaysia Bhd plans to sign this week an agreement for a US$1.1bil bridging loan with four banks to fund the purchase of outstanding shares of cellular operator Celcom, its chief executive told Reuters yesterday.
Celcom, now a 51% unit of Telekom, is merging with TMTouch, its parent's mobile arm, to create the country's biggest mobile phone company.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!