Telekom Malaysia sells 3.2% stake in Dialog

18 May 2007

Telekom Malaysia has sold a 3.2% stake in its Sri Lankan mobile subsidiary Dialog Telekom for an estimated price of around USD58 million, its International Chief Executive Officer Yusof Annuar Yaacob said yesterday. The sale is intended to increase liquidity in response to fund managers saying there were too few Dialog shares in the market. Following the sale, Dialog Telekom is approximately 85% owned by Telekom Malaysia; the company was listed in July 2005.

Sri Lanka, Dialog Telekom,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Browse

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share