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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 (“DiGi SHARES”) CREDITED AS FULLY PAID-UP TO TDSB OR ITS NOMINEES (“PROPOSED TRANSFER”); AND - PROPOSED JOINT BUSINESS PLANNING EXERCISE BETWEEN THE PARTIES (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

DIGI.COM BERHAD

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
(“PROPOSED TRANSFER”); AND

- PROPOSED JOINT BUSINESS PLANNING EXERCISE BETWEEN THE PARTIES

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Contents :

We refer to the announcements made on 25 January, 25 February, 6 March, 12 March, 24 March, 11 April and 18 April 2008 in relation to the Proposals.


On behalf of DiGi, CIMB Investment Bank Berhad wishes to announce that following the receipt of Bursa Malaysia Securities Berhad’s approval-in-principle for the listing of and quotation for 27,500,000 new DiGi Shares to be issued in respect of the Proposed Transfer, the Parties have today exchanged letters confirming that the Definitive Agreement dated 25 January 2008 has become unconditional.


This announcement is dated 24 April 2008.



Announcement Info

Company NameDIGI.COM BERHAD  
Stock Name DIGI    
Date Announced24 Apr 2008  
CategoryGeneral Announcement
Reference NoMM-080424-40278





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