| Type | Announcement |
| Subject | DiGi.COM BERHAD (“DiGi”) PROPOSED ALLIANCE BETWEEN DiGi, DiGi TELECOMMUNICATIONS SDN BHD (“DiGi TELECOM”), TIME DOTCOM BERHAD AND TT DOTCOM SDN BHD (“TDSB”) (COLLECTIVELY THE “PARTIES”) WHICH INVOLVES THE: - PROPOSED TRANSFER OF THE SPECTRUM ASSIGNMENT NO. SA/01/2006 OVER THE FREQUENCY BANDS OF 1965MHZ-1980MHZ, 2155MHZ-2170MHZ AND 2010MHZ-2015MHZ TO DiGi TELECOM TO BE SATISFIED VIA THE ISSUANCE OF 27,500,000 NEW ORDINARY SHARES OF RM0.10 EACH IN DiGi (“DiGi SHARES”) CREDITED AS FULLY PAID-UP TO TDSB OR ITS NOMINEES; AND - PROPOSED JOINT BUSINESS PLANNING EXERCISE BETWEEN THE PARTIES (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
On behalf of DiGi, we wish to announce that DiGi Telecom and TDSB have today entered into a service agreement, which is a condition precedent to the Definitive Agreement between the Parties dated 25 January 2008 (“Definitive Agreement”). Under the service agreement, DiGi Telecom will engage TDSB as one of its main suppliers of international and domestic fibre leases/bandwidth.
Further, the Definitive Agreement will become unconditional upon the receipt of Bursa Malaysia Securities Berhad’s approval-in-principle for the listing of and quotation for the 27,500,000 DiGi Shares, being the only remaining condition precedent to the Definitive Agreement to be fulfilled.
This announcement is dated 18 April 2008.
| Company Name | DIGI.COM BERHAD |
| Stock Name | DIGI |
| Date Announced | 18 Apr 2008 |
| Category | General Announcement |
| Reference No | MM-080418-56409 |
