Telekom Launches Company Buys in S Africa, Thailand

By Julian Matthews

The country’s largest telecommunications carrier, Telekom Malaysia Bhd, is expanding its reach with a series of investments in foreign ventures.

Telekom Malaysia’s biggest and most prominent foreign venture this year was an agreement to buy a stake in Telkom South Africa Ltd.

The deal was sealed in Cape Town in May with US-based partner SBC Communications Inc, for a joint 30% stake in the South African telecommunication firm worth US$1.261 billion.

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