KUCHING: Telekom Malaysia Bhd (TM) has sold 64 of its landed telecommunication towers in Sarawak to Sacofa Sdn Bhd, and leased them back.
Sacofa, a majority Sarawak government-owned company which has the exclusive rights to build, own and operate all telecommunication towers in the state, paid RM11mil cash for part settlement of the acquisition.
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!