Annual Report 2008 - Axiata Group Berhad - Investor Relations

Major Milestones1994February 1994A joint venture agreement wasentered into between TMI andSunpower Systems (Private) Limitedto set up Dialog (then known asMTN).1996October 1996T M I B w a s i n c o r p o r a t e d i nBangladesh as a joint venturecompany between A.K. Khan & Co.Ltd. and TM.November 1996Sunpower Systems (Private) Limiteddivested its stake in MTN (nowknown as Dialog) to TMI, whichresulted in Dialog becoming whollyownedby TMI.1998May 1998TMI via TM purchased 51.0% ofCambodia Samart CommunicationCompany Limited (Casacom) (nowknown as TMIC) from Samart.2005January 2005TMI, through TMIL, acquired theentire equity interest of Indocel,which had a 23.1% equity interestin XL.February 2005TMI, through TMIL, entered into ashare sale agreement to acquire a78% stake in Multinet from NasserKhan Ghazi and Adnan Asdar.June 2005Indocel acquired an additional 4.2%equity interest in XL from RoganPartners, Inc.July 2005Dialog was listed on the ColomboStock Exchange.August 2005TMI, Khazanah and SunShareentered into a joint venture andshareholders’ agreement toestablish SunShare as a jointventure company for the acquisitionof equity interest in M1.September 2005A restated joint venture andshareholders’ agreement was enteredinto by SunShare, TMI, Khazanah andTM, as a new party to the earlieragreement, to participate in theaffairs of SunShare.September 2005XL was listed on the Jakarta StockExchange (now known as theIndonesia Stock Exchange).October 2005TMI, through SunShare, acquired12.1% of the equity shares inM 1 f r o m G r e a t E a s t e r nTelecommunications Ltd. Prior toMarch 2006, SunShare made onmarketpurchases, bringing its totalequity interest in M1 to 29.8%.October 2005Indocel increased its shareholdingin XL to 56.9% through the exerciseof its call and put option.December 2005TMI, through TMIL, acquired a49.0% ownership interest in MTCEthrough a transfer from TRI, aw h o l l y - o w n e d s u b s i d i a r y o fCelcom.December 2005Dialog acquired 100% of DBN (thenknown as MTT Network (Private)Limited).2006February 2006TMI obtained a 24.4% stake in SIMfrom SIM’s parent company, Samart.In addition, TMI has a 18.9% stakein Samart and Samart in turn holds54.1% in SIM.February 2006TMI purchased the remaining 49.0%of Casacom (now known as TMIC)from Samart, and Casacom becamea wholly-owned subsidiary of TMI.March 2006TMI acquired the entire equityinterest of TMI India (then knownas DCIL), which had a 49.0% equityinterest in Spice.June 2006Indocel increased its shareholdingin XL to 59.7% via a purchase ofadditional shares from AIF(Indonesia) Ltd.48Axiata Group Berhad Annual Report 2008(formerly known as TM International Berhad)