Shareholders of PT Excelcomindo Pratama, Telecom Malaysia International (TM) and Emirates Telecommunications Corporation (Etisalat) become standby buyers of the rights issue held by PT Excelcomindo Pratama Tbk.
Excelcomindo has appointed JP Morgan, Merril Lynch, and Mandiri Sekuritas to help ease the rights issue as the arrangers. As to Hasnul, the corporate and arrangers here still calculate the new shares price on the market.
Etisalat as the leading cellular operator in the Arab Emirate becomes the telecommunication service provider and acquired 15.79 percent of Excelcomindo shares by end of 2007 from Peter Sondakh through Bella Sapphire Ventures Ltd. TM possess 83.79 percent Excelcomindo shares through Indocel Holding Sdn Bhd.
Thursday, February 26, 2009
Subscribe to:
Post Comments (Atom)
1 comment:
correction. Telekom Malaysia :D
Post a Comment