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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 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”)

DIGI.COM BERHAD

Type

Announcement
SubjectDiGi.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
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”)

Contents :

Reference is made to the announcements dated 25 January 2008, 25 February 2008, 6 March 2008, 12 March 2008 and 24 March 2008 in relation to the Proposals.


On behalf of DiGi, we wish to announce that the Parties have today accepted the conditional approval of the Suruhanjaya Komunikasi dan Multimedia Malaysia in accordance with the terms of the Definitive Agreement dated 25 January 2008 between the Parties.


This announcement is dated 11 April 2008.


Announcement Info

Company NameDIGI.COM BERHAD  
Stock Name DIGI    
Date Announced11 Apr 2008  
CategoryGeneral Announcement
Reference NoMM-080411-66898





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