Telekom Malaysia Bhd
is seeking US$166.965mil in compensation from the Government of Ghana (GoG) in respect of its investment in Ghana Telecommunications Co Ltd.
Of the amount, US$103.100mil will be representative of the fair market value of Telekom’s shareholding in Ghana Telecom as at Dec 3, 2002; US$54.125mil, the deposit paid to the GoG in 2000 for the proposed acquisition of an additional 15% equity interest in Ghana Telecom; and about US$9.740mil being consultancy fees due to the Telekom International Sdn Bhd, a wholly owned subsidiary of Telekom for consultancy and management services rendered to Ghana Telecom.
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