Articles tagged with: Celcom and Seven

IN DEPTH: Telecom Malaysia International Q1 2008 Results

TM International, the former mobile arm of Telekom Malaysia, has reported results independently for the first time, despite only having been demerged from the parent company at the end of April. Telekom Malaysia has been preparing for the spin-off for some time, transferring all of the relevant assets into the TM International division, including domestic mobile concern celcom, before issuing paper in the new company to its own shareholders. This demerger process was completed on 25th April and trading began on the new TMI stock on the Bursa Malaysia on 28t h April. After initially trading at just over RM7,500 the share price has stayed very steady, with a maximum variation of around 7%.  more

Related Tags: m1, roaming, xl, telekom-malaysia, banglalink, telekom, spice, Malaysia

South African Mobile Services Provider Buys Ugandan Retail Chain

South Africa based mobile services company, celcom Group has announced that it has acquired a 50.5 percent interest in the business of Nile Com for about R9.4 million (US$1.3 million). Nile Com is an exclusive MTN dealer in Uganda, and is currently owned by the chairman of MTN Uganda. Specifically, Nile Com operates seven MTN branded retail outlets selling mobile telecoms products and controls 1,200 sub-dealers.  more

Related Tags: mtn, mtn-uganda, Uganda