Tuesday, November 13, 2007

DiGi &Time dotCom form alliance

MALAYSIA'S mobile phone firm DiGi has agreed to form strategic and equity tie-ups with broadband telecommunications firm Time dotCom Bhd, allowing DiGi access to Time’s prized 3G spectrum.State-controlled Time said it also received an offer from DiGi’s parent, Telenor, to buy a stake in DiGi via a share placement to help DiGi comply with Malaysian equity rules. Both companies have announced the alliance in statements to Bursa Malaysia today. - Reuters

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