TMI planning fund raising this quarter (Malaysia)

January 21, 2009 at 12:45 Leave a comment

Reuters is reporting that Malaysian mobile group TM International (TMI) is planning to issue right shares this quarter in a bid to raise funds to repay debts. The company currently owes approximately MYR2 billion (USD559.5 million) to Telekom Malaysia, which is due for payment by April this year. State investment company Khazanah, which owns a 44.51% stake in TMI, is expected to participate in the book building exercise.

Wireless Industry News

Advertisements

Entry filed under: Asia, Financial, Malaysia, Mobile, Reuters, Telecom, Wireless. Tags: , , , , .

3G technology to be introduced in 2009 (Vietnam) KT board approves KTF merger plans (South Korea)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Feeds

Email Newsletter

Recent Posts

January 2009
M T W T F S S
« Dec   Feb »
 1234
567891011
12131415161718
19202122232425
262728293031  

Categories


%d bloggers like this: