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Shakeout in Malaysian mobile market

Malaysia's dominant fixed-line telephone operator Telekom Malaysia today said it has acquired a 13 percent stake in Technology Resources Industries (TRI). In a statement to the Kuala Lumpur Stock Exchange, Telekom said it will pay $4.6 million for TRI, the holding company of the country's No. 2 cellular operator Celcom. The move signals the beginning of a consolidation in the Malaysian mobile phone sector, which analysts believe can only support three operators instead of the current five. CNETAsia's Irene Tham reported from Singapore. To read to full story, visit CNETAsia.

Malaysia's dominant fixed-line telephone operator Telekom Malaysia today said it has acquired a 13 percent stake in Technology Resources Industries (TRI). In a statement to the Kuala Lumpur Stock Exchange, Telekom said it will pay $4.6 million for TRI, the holding company of the country's No. 2 cellular operator Celcom. The move signals the beginning of a consolidation in the Malaysian mobile phone sector, which analysts believe can only support three operators instead of the current five.

CNETAsia's Irene Tham reported from Singapore.

To read to full story, visit CNETAsia.