CMS enters telco sector by buying 50% in Sacofa for RM187mil

This confirms a StarBiz report in March last year that CMS was looking to buy into the state-controlled company that builds telecommunications towers and fibre-optic networks in Sarawak.

PETALING JAYA: Conglomerate Cahya Mata Sarawak Bhd (CMS) is venturing into the telecommunications sector via a 50% stake in Sacofa Sdn Bhd for RM186.79mil cash, valuing the latter at RM373.6mil.

This confirms a StarBiz report in March last year that CMS was looking to buy into the state-controlled company that builds telecommunications towers and fibre-optic networks in Sarawak.