|
|
Articles tagged with: Telekom Malaysia and Spice
Talks Stall Over Spice India Buyout
Plans by India's Idea Cellular to take a controlling stake in rival operator, Spice Communications are reported to have stalled over a dispute about the price being offered. Investment banking sources told the Business Standard newspaper that B K Modi had asked for Rs 70 a share - but India is reluctant to pay over Rs 60 per share. more
Related Tags: etisalat, idea-cellular, telekom, India
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, banglalink, celcom, seven, telekom, Malaysia
Etisalat Interested in Entering Indian Market
Emirates Telecommunications Corp, or Etisalat said on Wednesday that it has
held meetings with India's Spice Communications and others about possibly making
investments to enter the Indian market.
"India is a very attractive market for Etisalat and we are studying
different market entry strategies to determine the most appropriate fit,"
Chairman Mohammad Hassan Omran said in a statement to the UAE stock exchange.
Omran said the company was studying a greenfield licence announced by the Indian
government. "We have also entered into direct meetings with various
entities, amongst them Spice Communications, " Omran said, adding that
nothing had been finalised.
more
Telekom Malaysia Optimistic About India, Vietnam Expansion Plans
Telekom Malaysia's Indian subsidiary, Spice Telecom is a front-runner in the battle to win mobile airwaves in new circles in India, says group chief executive officer Datuk Seri Abdul Wahid Omar. Spice currently operates in two circles, Punjab and Karnataka. more
Related Tags: m1, mobifone, India
Telekom Malaysia - Slower growth and increasing uncertainties
Telekom Malaysia's second quarter results show that the company has managed to translate a single digit increase in revenues into a double digit gain at the attributable level, despite a small decrease in margins at the EBITDA level. Overall revenue rose from RM 4,181m in Q1 to RM 4,318m, an increase of 3.3%, while EBITDA dropped 2.9% to RM 1,979m. After tax and minorities, attributable profit rose by 17.6% to RM 701m. Year on year, these equate to increases of 8.6%, 17.6% and 54.7% respectively. more
Merger Talks Between Spice and Idea Collapse
Merger talks between India's Idea Cellular and Spice Telecom are reported to have broken down due to differences about the price, a person close to the negotiations has said. The Economic Times reported that Idea was keen to expand its coverage, but baulked at the price being demanded by Spice Telecom. more
Related Tags: ipo, bharti, idea-cellular
Telekom Malaysia Q1 2007 Results
We have commented before on the effectiveness of Telekom Malaysia's strategy of expansion into its immediate geographic region and the portfolio of businesses it has built up now contributes more than one quarter of total revenues. However, one of the problems of international diversification is that it brings a currency risk with it. This quarter, the results reflect the combination of a rising Ringgit and increased competition and as a consequence, revenues from the international side of the business are down slightly at RM1,138m. This is a drop of less than 2% on Q4's RM1,158m, so it is hardly catastrophic, especially when it is remembered that it is more than 20% up on the same quarter of 2006. more
Related Tags: m1, ipo, celcom, tax, excelcomindo
India Spice Telecom: Telekom Malaysia Buys 49% Stake
NEW DELHI -(Dow Jones)- Telekom Malaysia has taken a 49% stake in India's Spice Telecom, said a senior executive of the mid-sized mobile phone company Friday. more
Telekom Malaysia In Talks For India Spice Stake
KUALA LUMPUR -(Dow Jones)- Telekom Malaysia Monday said it is in talks to buy a stake in India's Spice Telecom. more
Related Tags: telkom, maxis, maxis-communications