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Announcement

Settlement Agreement between DiGi Telecommunications Sdn Bhd ("DiGi Tel") and U Mobile Sdn Bhd ("U Mobile") in relation to the Domestic Roaming Agreement dated 10 December 2009 between DiGi Tel and U Mobile ("Settlement Agreement")

Back Dec 03, 2010
Type Announcement
Subject DiGi.Com Berhad (“DiGi” or the “Company”)
- Settlement Agreement between DiGi Telecommunications Sdn Bhd ("DiGi Tel") and U Mobile Sdn Bhd ("U Mobile") in relation to the Domestic Roaming Agreement dated 10 December 2009 between DiGi Tel and U Mobile (“Settlement Agreement”)
Contents We refer to our announcement dated 10 December 2009 pertaining to the Domestic Roaming Agreement (“DR Agreement”) entered into between DiGi’s wholly-owned subsidiary, DiGi Tel and U Mobile in relation to giving U Mobile access to DiGi Tel’s nationwide 2G GSM network for the provision of public telecommunications services in Malaysia.

We wish to inform that DiGi Tel and U Mobile, had on 3 December 2010 entered into a Settlement Agreement in relation to the DR Agreement for the mutual release and discharge of all claims and obligations arising from or in connection with the DR Agreement. And, henceforth, the DR Agreement was terminated.

The Settlement Agreement will not have any material effect on the earnings per share, net assets per share and gearing of DiGi Group for the current financial year ending 31 December 2010.

This announcement is dated 3 December 2010.

 


Announcement Info

Company Name DIGI.COM BERHAD  
Stock Name DIGI    
Date Announced 3 Dec 2010  
Category General Announcement
Reference No CC-101201-67953

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