November 24, 1999

 

FOR IMMEDIATE RELEASE

NTT Communications Corporation
NTT Mobile Communications Network, Inc.

 

NTT Communications Corporation and NTT Mobile Communications Network, Inc. to Enter into MOU on Possible Strategic Investment in Telekom Malaysia

 

Khazana National Berhad (“Khazanah”) and NTT Communications Corporation and NTT Mobile Communications Network, Inc. (together as “NTT”) have entered into Memorandum of Understanding (“MOU”) regarding the possible strategic investment in Telekom Malaysia Berhad (“Telekom”). Pursuant to the MOU, evaluation on Telekom and discussions on the terms and conditions of this acquisition by NTT will commence soon.

 

For more information, please contact.

[Reference]
1. Khazanah Nasional Berhad

1. Corporation :Khazanah Nasional Berhad
2. Address :22nd Floor. Menara Dato’Onn
Pusat Dagangan Dunia Putra, (PWTC)
41, Jalan Tun Ismail, 50480 Kuala Lumpur
3. Chief Executive :Y.Bhg. Tan Sri Dato’Mohd Sheriff Bin Mohd Kassim
4. Company Summery :Khazanah Nasional Berhad is shareholding company which Malaysia government has invested in 100%, and also has 40% of stock in Telekom Malaysia.


2. Telekom Malaysia Berhad
1. Company :Telekom Malaysia Berhad
2. Address :1st floor, Ibu Pejabat Telekom Malaysia,
Jalan Pantai Baharu, 50672 Kuala Lumpur
3. Chief Executive :Datuk Wira Mohamed Said bin Mohamed Ali
4. Stock : Listing : Kuala Lumpur Stock Exchange in Malaysia
Number of shares outstanding : 2,999 million
Share price : US$3.5(MR13.2 )(99.6.2)
Market capitalization : US$10Bil.(MR39.6 Bil)
5. Services :Domestic Telecommunications service
International Telecommunications service
Mobile phone service
IP service