Telekom Malaysia to split mobile and fixed-line ops into two firms
Link: Telekom Malaysia to split mobile and fixed-line ops into two firms
Telekom Malaysia on Friday announced it will revamp its operations and split its mobile and fixed-line businesses into two separate entities listed on the local bourse. Under the plan, TM International Sdn Bhd will take over Telekom’s domestic mobile operators and non-Malaysian businesses. It will seek a listing on Bursa Malaysia. Telekom, already listed on the exchange, will hold remaining businesses comprising fixed-line voice, data and broadband services and other telecommunication and non-telecommunication related businesses.
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