Telekom Malaysia sells stake in Dialog Telekom (Malaysia)
June 15, 2007
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Telekom Malaysia has sold 3.2 per cent stake in its 88 per centowned Sri Lankan mobile operator Dialog Telekom. The sale, intended to increase liquidity, is in response to fund managers' concerns that there are too few Dialog shares in the market. Telekom Malaysia has reportedly raised about $58 million from the sale.
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