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Articles tagged with: Digi and Digi.com
Digi Q1 Revenues Higher but Profits Down on Costs
Malaysian mobile network, digi.com has posted a 4% growth in revenue amounting to RM1.2 billion (US$337 million) for the first quarter, due to steady demand for mobile services and an increased subscriber base. However, net profit declined by 5% to RM275.4 million (US$77 million), due to higher debt costs and 3G spectrum write-downs. more
Telenor Reduces Malaysian Holding to Below 50%
Telenor has reduced its stake in Malaysian subsidiary digi.com in order to comply with the 49 per cent equity ownership requirement of the Malaysian Government. In a book building exercise Telenor on Wednesday sold 76.5 million shares in digi, constituting 10.2 per cent of the total issued share capital, at RM 21.5 per share to Malaysian investors for a total of RM 1,612.5 million (US$480 million). more
Related Tags: telenor, Malaysia
3G venture and 2G network sharing in Malaysia
Malaysia digi.Com has entered into three joint venture agreements with Technology Resources Industries Berhad (TRI), owner of Celcom, the second largest mobile network operator in the country. more
Related Tags: m1, celcom, national-roaming, gsm1800