This week, significant developments took place at U Mobile Sdn Bhd that will change the dynamics of this company and possibly the whole local telecommunications industry.
U Mobile’s two major shareholders, namely, Tan Sri Vincent Tan Chee Yioun and Tunku Tun Aminah Sultan Ibrahim, got the green light for loans from two local banks to the tune of RM3.8bil to buy a controlling stake in U Mobile from Singapore’s Straits Mobile Investments Pte Ltd, an entity that is ultimately owned by Temasek Holdings (Private) Ltd.
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