Digi To Participate In 3G As A Mobile Virtue Network Operator (MVNO)

Back May 29, 2002
Type Announcement
Subject DIGI TO PARTICIPATE IN 3G AS A MOBILE VIRTUE NETWORK OPERATOR (MVNO)

Contents :

The Board of Directors of the Company wishes to inform that its wholly-owned subsidiary DiGi Telecommunications Sdn Bhd (DiGi), will not be submitting a bid for a block within the third generation (3G) spectrum assignment, at the close of the bid exercise today.


DiGi intends, however, to invest strategically as a Mobile Virtual Network Operator (MVNO), in the delivery of a wide range of mobile multimedia products and services to the Malaysian marketplace.

The Company's decision not to submit a bid for a 3G spectrum assignment is a strategic one, taking into consideration its core and leverageable strengths and the 2G/3G evolutionary process. This also supports the Government’s call to the industry to avoid duplication of infrastructure and optimize capacity.

(Please refer to attached press release)


Announcement Info

Company Name DIGI.COM BERHAD  
Stock Name DIGI    
Date Announced 29 May 2002  
Category General Announcement
Reference No DS-020529-37480

Attachments

  1. FINAL_RELEASE.doc (Size: 29,184 bytes)