STT calls off its deal with Idea
July 15, 2005
The Singapore Technologies Telemedia (STT)-Telekom Malaysia (TM) consortium has called off its proposed deal to acquire a 47.7 per cent stake in Idea Cellular for $390 million. This was because the STT-TM consortium was not able to get the required approvals from the Department of Telecommunications and the Foreign Investment Promotion Board.
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