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Back Nov 01, 2016
Type Announcement
Subject OTHERS
Description

DIGI.COM BERHAD ("DIGI") - ACCEPTANCE OF THE OFFER ON SPECTRUM ASSIGNMENTS FOR 900MHZ AND 1800MHZ ISSUED BY THE MALAYSIAN COMMUNICATIONS AND MULTIMEDIA COMMISSION TO DIGI TELECOMMUNICATIONS SDN BHD

Further to the earlier announcements made by Digi on 2 February 2016 and 30 August 2016, and the Malaysian Communications and Multimedia Commission’s (“MCMC”) Letters of Offer dated 30 August 2016 in relation to the Spectrum Assignments ("SA") for 900MHz and 1800MHz spectrum bands, Digi wishes to announce that its wholly-owned subsidiary, Digi Telecommunications Sdn Bhd (“DTSB”) had on 1 November 2016 accepted the offer in respect of the SA for 2x5MHz of 900MHz and 2x20MHz of 1800MHz spectrum bands to DTSB for 15 years effective 1 July 2017. The payment for the one-time fee component amounting RM598,545,000 was made within the deadline stipulated by MCMC on 1 November 2016.

The Board of Directors of Digi has decided to fund the one-time fee component mainly through its existing borrowing facilities and to maintain healthy net debt-to-EBITDA ratio below 1.0x.

The borrowings are not expected to have material impact on Digi’s consolidated earnings, earnings per share and net assets.

This announcement is dated 1 November 2016.





Announcement Info

Company Name DIGI.COM BERHAD
Stock Name DIGI
Date Announced 01 Nov 2016
Category General Announcement for PLC
Reference Number GA1-31102016-00113

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