TM stands firm in advancing Malaysia's digital infrastructure post-SSA termination

Telekom Malaysia's new headquarters in Cyberjaya. – AZHAR MAHFOF

KUALA LUMPUR: Telekom Malaysia Bhd (TM) has received a termination notice from Digital Nasional Bhd (DNB) today for the share subscription agreement (SSA) signed on Dec 1, 2023.

This is following the non-acceptance of TM’s request and appeal for an extension of the conditions precedent longstop date for it to obtain shareholders’ approval at an extraordinary general meeting (EGM) due to the SSA being a related party transaction, TM said in a statement to Bursa Malaysia today.