OTHERS UPDATES IN RELATION TO THE MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN TENAGA NASIONAL BERHAD ("TNB") AND TELEKOM MALAYSIA BERHAD ("TM") FOR THE COLLABORATION TO ESTABLISH A JOINT PROPOSAL FOR NATIONWIDE FIBERISATION PLAN ("NFP")

TENAGA NASIONAL BHD

Type Announcement
Subject OTHERS
Description
UPDATES IN RELATION TO THE MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN TENAGA NASIONAL BERHAD ("TNB") AND TELEKOM MALAYSIA BERHAD ("TM") FOR THE COLLABORATION TO ESTABLISH A JOINT PROPOSAL FOR NATIONWIDE FIBERISATION PLAN ("NFP")

Our announcement dated 16 January 2018 in respect of the above matter is hereby referred.

Tenaga Nasional Berhad (“TNB”) wishes to announce that, TNB and Telekom Malaysia Berhad (“TM”) have entered into a Memorandum of Understanding (“MOU”) agreement on 16 January 2018 to establish a joint proposal for Nationwide Fiberisation Plan (“NFP”). Further announcement were made by TM on the MOU progress on 16 April and 16 July 2018.

Effective today, TNB and TM have mutually agreed not to proceed with the collaboration on NFP.

Discontinuation of the MOU does not preclude TNB and TM from considering other collaborations should there be future business opportunities that are beneficial to both parties.

This announcement is dated 23 July 2018.






Announcement Info

Company Name TENAGA NASIONAL BHD
Stock Name TENAGA
Date Announced 23 Jul 2018
Category General Announcement for PLC
Reference Number GA1-23072018-00003