KUALA LUMPUR (Nov 2): Axiata Group Bhd’s unit Celcom Axiata Bhd has received the letter of offer from the Malaysian Communications and Multimedia Commission (MCMC), granting Celcom and its wholly-owned subsidiary Celcom Mobile Sdn Bhd, the full settlement of spectrum fees amounting to RM816.75 million by this financial year. In a filing to the stock exchange today, Axiata said the letter was received on Oct 31. Axiata said the borrowings were not expected to have any material impact on its consolidated earnings, earnings per share and net assets. “All other conditions contained in the Letters of Offer dated Aug 30, 2016 in respect of the spectrum assignment, remain the same. “Celcom and Celcom Mobile had today, submitted to MCMC, the acceptance of the 900MHz and 1800MHz spectrum assignment with the above payment terms,” it said.

Source: The Edge Markets November 02, 2016 05:37 UTC