TM Shares Up 14 Sen At 11.33am

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KUALA LUMPUR, Nov 19 – Telekom Malaysia Bhd (TM) shares rose 14 sen to RM7.31, with 2.53 million lots traded as at 11.33am. The company signed a framework agreement with MYTV Broadcasting Sdn Bhd (MTVB) yesterday to provide digital terrestrial television infrastructure, network facilities and related services in the country.

The DTT services will be accorded to MTVB for 15 years, with an annual contract value of RM70.47 million. “The subscription of DTT services from TM will allow MTVB, which has been awarded the licence by the government to operate the infrastructure and network facilities for DTT in Malaysia, to realise the migration of analogue terrestrial broadcasting to digital throughout the country by 2016,” said TM in a filing to Bursa Malaysia Tuesday.

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