VOD in Malaysia?

Vodafone to buy share of Telekom Malaysia's mobile business unit

Michelle Donegan, Contributing Editor, Light Reading

November 5, 2007

1 Min Read
VOD in Malaysia?

9:20 AM -- Vodafone Group plc (NYSE: VOD) has emerged as the main contender to shell out $3 billion on a 25 percent stake in Telekom Malaysia Berhad 's mobile business unit, according to a report in Britain'sThe Sunday Times.

The state-controlled Telekom Malaysia is separating its mobile unit from its fixed-line business. The operator plans to sell a strategic stake in the mobile business, which has operations in nine Asian markets, including Indonesia, Cambodia, and Bangladesh.

Telekom Malaysia shares jumped 3 percent on the report that Vodafone could be its new strategic investor. — Michelle Donegan, European Editor, Unstrung

About the Author(s)

Michelle Donegan

Contributing Editor, Light Reading

Michelle Donegan is an independent technology writer who has covered the communications industry on both sides of the Pond for the past twenty years.

Her career began in Chicago in 1993 when Telephony magazine launched an international title, aptly named Global Telephony. Since then, she has upped sticks (as they say) to the UK and has written for various publications, including Communications Week International, Total Telecom, Light Reading, Telecom Titans and more.

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