Digi.Com to pay RM13.86mil to Telenor in settlement agreement


In its filings with Bursa Malaysia, Digi said its wholly owned subsidiary Digi Telecommunications Sdn Bhd (DTSB) had yesterday entered into a settlement deal with Telenor IT Asia Sdn Bhd (TITA) and Telenor Global Shared Services AS (GSS) to exit the MoU and service order for IT infrastructure services signed between the three parties on Nov 7, 2014, and Nov 25, 2016, respectively.

PETALING JAYA: Digi.Com Bhd has agreed to pay a total sum of RM13.86mil to the Telenor group in a settlement agreement to call off a memorandum of understanding (MoU) and service order for information technology (IT) infrastructure services.

In its filings with Bursa Malaysia, Digi said its wholly owned subsidiary Digi Telecommunications Sdn Bhd (DTSB) had yesterday entered into a settlement deal with Telenor IT Asia Sdn Bhd (TITA) and Telenor Global Shared Services AS (GSS) to exit the MoU and service order for IT infrastructure services signed between the three parties on Nov 7, 2014, and Nov 25, 2016, respectively.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , DiGi.com , Digi , Telenor , settlement , agreement , technology ,

Next In Business News

Sunway Construction unit secures work orders valued at RM386mil from US-based tech firm
Sunway Healthcare said to gauge interest for IPO in January
Ringgit hits near six-year high at 4.07 vs greenback
Bursa Malaysia's key index rises 1.15% on firmer regional markets
Sunview's indirect subsidiary inks 21-year PPA with TNB
Perdana Petroleum unit secures two contracts for provision of vessels
Protasco unit inks interim agreement for maintenance of Federal roads
SumiSaujana unit inks MOU to explore development of acid gas facility in Indonesia
MyNews' new store openings bolster 4Q profit
Malakoff subsidiary inks 21-year PPA with TNB

Others Also Read