TM issues termination notice relating to acquiring 20pct of DNB

Telekom Malaysia Bhd (TM) has issued a termination notice to Digital Nasional Bhd (DNB), effective immediately, pursuant to the terms of the share subscription agreement (SSA) to subscribe to a 20 percent equity stake in DNB.

This was after the longstop date to fulfil all conditions precedents (CPs) under the SSA lapsed, it said in a filing with Bursa Malaysia yesterday.

It said the termination of the SSA is...