DoCoMo Taking 30% share of Aktel?

According to this post via the Malaysian National News Agency, TM International landed NTT DoCoMo as a shareholder in TM International (Bangladesh) Ltd (TMIB). In a statement issued Friday, TMI said DoCoMo has completed its purchase of a 30 percent stake in TMIB, TMI’s mobile operations in Bangladesh by acquiring all the issued and paid-up shares of TMIB previously held by A.K. Khan & Co Ltd and its four group companies. TMIB, trading under the brand name Aktel, operates a cellular Global System for Mobile Communications service in Bangladesh.

TMI’s president and chief executive officer, Datuk Jamaludin Ibrahim, said since its demerger, the company has focused on bringing positive change to the group. “As such we are excited at the prospect of working with DOCOMO whose wealth of expertise will bring a new perspective as well as invaluable dimension to TMIN on driving superior performance and market growth”

Strange there’s no mention on DoCoMo’s press site regarding this development..?!? While indeed there was speculation in May and the intent was announced by DoCoMo in June, it does not seem clear the deal has actually closed, as planned in 2008.

Posted: 20 September 2008 | Filed: Asia Pacific Market, Carriers | Feedback | Print |