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Thursday, August 18, 2005

Telekom Malaysia To Buy Into Singapore's M1

Interesting headline that Telekom Malaysia actually moves into Singapore, following their purchase of a minority share in Mobile One. Mobile One is a hip company, that frequently challenges the incumbent. Culturally, I don't see the fit to Telekom Malaysia, despite the fact that TM really tries hard to become different.

There is also not much of a gain for Telekom Malaysia, since they only acquire a minority share. However, it is a start and it is way overdue for them to move, since they lack Singapore Telecommunications quite a bit. But recently, they seem to wake up, and this deal follows its acquisition of a 27.3% stake in Indonesia's Excelcomindo and it also owns Sri Lanka's Dialog Telekom Ltd, the south Asian country's No. 1 mobile phone company.

(By Asia Business Consulting)