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Deutsche Telekom hangs up in Malaysia.
Byline: Shu-Ching Jean Chen in Hong Kong
Deutsche Telekom AG's dispute over a Malaysian mobile operator it partly owns reached the boiling point after the German telecom pulled its board members and ended operating agreements with the company.
Deutsche Telekom's Asia arm, DeTe Asia Pte Ltd., is in arbitration over the value of its investment in Celcom (Malaysia) Berhad, Malaysia's second-largest mobile operator.
That became an issue after Malaysia state-owned Telekom Malaysia Berhad agreed to buy Celcom for M$3.7 billion ($973.6 million) in December 2002. The merger, which Deutsche Telekom opposed, triggered the German company's contractual right to …
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- Malaysia - Celcom says Deutsche Telekom has no veto.
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News wire article from: Asia Africa Intelligence Wire
October 22, 2002
700+ words
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- Deutsche Telekom ends Asian foray.
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Newspaper article from: The Daily Deal
June 30, 2003
700+ words
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- Deutsche Telekom seeks arbitration over dispute with Celcom.
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News wire article from: Asia Africa Intelligence Wire
March 12, 2003
700+ words
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- Deutsche Telekom sells stake in Malaysian operator (Telekom steigt bei Celcom...
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News wire article from: Europe Intelligence Wire
June 10, 2003
700+ words
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- Celcom will be unfazed by Deutsche Telekom's move.
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News wire article from: Asia Africa Intelligence Wire
March 3, 2003
700+ words
