TM and Khazanah raise stake in MobileOne

SINGAPORE: Telekom Malaysia Bhd and its parent Khazanah Nasional Bhd have increased their stake in Singapore's MobileOne Ltd. to 27.55% from 26.12%, as part of a plan to expand overseas.  

The 14 million shares, equivalent to a 1.43% stake, were bought from Feb 16 to March 1, MobileOne Ltd, the smallest of three mobile-phone companies in Singapore, told the Singapore Exchange yesterday.