Manufacturing Industry
Cable & Wireless PLC - C&W announces proposed sale of its stake in M1.
PR Newswire UK Disclose, August, 2005
Cable & Wireless announces the proposed sale of its stake in MobileOne Limited
to TM International Sdn Bhd (a wholly owned subsidiary of Telekom Malaysia
Berhad) and Khazanah Nasional Berhad
Cable and Wireless plc ("Cable & Wireless") announces today, 17 August 2005,
that its subsidiary Great Eastern Telecommunications Limited ("GET") has signed
a conditional agreement for the sale of its entire shareholding in MobileOne
Limited ("M1") representing approximately 12.1% of the issued and paid up
capital of M1. GET is a joint venture between Cable & Wireless (51%) and PCCW
Limited (49%).
The purchaser is SunShare Investments Ltd (the "Purchaser"), a joint venture
between TM International Sdn Bhd (a wholly owned subsidiary of Telekom Malaysia ...
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