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Telekom Malaysia to keep control of mobile unit
- Thursday, February 28 - 2008 at 07:53
Telekom Malaysia Bhd., Southeast Asia's second-largest phone company, has said it will keep control of its wireless business in any stake sale, dimming the appeal for potential buyers including Orascom Telecom Holding, reported Bloomberg. Insisting on control may hamper Telekom's ability to reap a premium for the business, which it estimates is worth 28 billion ringgit ($8.7bn). Orascom, the biggest mobile carrier in the Middle East and North Africa by users, has said it is interested in bidding for joint control of Telekom.
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Jeff Florian, Senior ReporterThursday, February 28 - 2008 at 07:53 UAE local time (GMT+4)
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