How about Celcom merging with TIME dotcom (3G)?
Telekom Malaysia (TM) today categorically rebutted stories in Star BizWeek (Dec 2, bylined Jose Barrock) and The Edge (coverdated Dec 4, bylined Risen Seelan) about the telecoms giant's possible acquisition plan.
The Star says TM planned "to acquire a 42.7% stake in Time dotcom Bhd from its parent Time Engineering Bhd", while The Edge says TM is "looking to acquire both Time Engineering Bhd and Time dotCom".
What if Khazanah, which majority owns Time dotcom and Celcom via TM separately, instructed Celcom to merge with Time dotcom now that the latter has 3G spectrum?
Just a wild thought since Putrajaya is in the moods for mega mergers. Value created, and proceeds derived therein, should help fill up the RM800 million war chest by 2008.
Comments
Agree with you, Jeff. Also is year end window dressing la.
Stock market up, petrol up, electric up, water up, toll also up.
Create the feel good Malaysia Boleh factor.
Surprisingly, not many of my friends happen to know of the early Christmas gift by UMNO using OUR GOVERNMENT's funds to UMNO division. The RM3 million Christmas present to division heads and Class F contractors.
Surprise. Surprise. Maybe we should share with more people on this. Is this move legal or not?
Is just like using 'ah gong' money for personal purpose.
MALAYSIA BOLEH!
Posted by: aku anak malaysia![[TypeKey Profile Page]](http://www.jeffooi.my/nav-commenters.gif)
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December 4, 2006 07:46 PM
Anak Malaysia: Its called Inflation. Soon the bubble will burst. Bleh.
In regards to the proposed acquisition, is TM trying to monopolise the Telco industry of Malaysia?
Maxis and DiGi has gotta buck up on their services.
Posted by: FayeChan![[TypeKey Profile Page]](http://www.jeffooi.my/nav-commenters.gif)
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December 4, 2006 11:04 PM
Believe a lot of you could have received this joke circulating around. Find it appropriate to share it with those who might not have read it. Be very careful of what you read in the media and dont be misled in investing on your hard earned savings.
X - You have 2 cows. You sell one and buy a bull. Your herd multiplies, and the economy grows. You sell them and retire on the income.
Ali Baba - Ali has 2 cows. Baba takes care of them, and they share the milk.
Y - You have 2 cows. UxxO takes them, and sell them as 3 to a publicly listed company, then execute a debt/equity swap with some Tan Sri so that Tan Sri gets all 4 cows, with a tax exemption for 5 cows. The rights of the 6 cows are transferred via an intermediary to a GLC who sells the rights of all 7 cows back to the listed company. The annual report says the company owns 8 cows, with an option on 8 more.
Posted by: petson01![[TypeKey Profile Page]](http://www.jeffooi.my/nav-commenters.gif)
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December 4, 2006 11:15 PM