Major Milestones

2010

28 April 2010

Axiata SPV1 issued USD300 million aggregate principal amount of 5.375% Notes Due in 2020 guaranteed by Axiata payable semi annually in arrears on 28 October each year commencing 28 October 2010 (Notes). The Notes were listed and quoted on the Stock Exchange of Hong Kong Limited on 29 April 2010 and the Labuan International Financial Exchange on 7 May 2010.

14 April 2010

Indocel reduced its shareholding in XL to 66.69% through the exercise of an international private placement of 19.8% in XL in order to increase public shareholding spread of XL shares.

8 April 2010

M1 changed its name to M1 Limited.

2009

March 2009

TMI changed its name to Axiata Group Berhad.

2008

October 2008

TMI through TMI Mauritius increased its stake in Spice to 49% as a result of the mandatory general offer of Spice undertaken as part of the Spice-Idea merger, which has yet to be completed.

August 2008

TMI India through TMI Mauritius acquired a 14.99% stake in Indian cellular company Idea and announced a merger of Spice with Idea.

28 April 2008

TMI was listed on the Main Board of Bursa Malaysia Securities Berhad.

25 April 2008

TMI was demerged from TM, resulting in the acquisition of 100% stake in Celcom and 51.0% stake in SunShare. TMI also acquired 16.81% and 49% additional stakes in XL and SunShare respectively from Khazanah.

2007

December 2007

TMI, through TMIL, entered into a shareholders' agreement with Etisalat Indonesia in relation to the acquisition of 15.97% equity interest in XL by Etisalat Indonesia from Bella Sapphire Ventures Ltd.

September 2007

Dialog acquired the remaining 10.0% of the total issued and paid-up share capital in Dialog TV, which resulted in Dialog TV becoming wholly-owned by Dialog.

July 2007

Spice was listed on the Bombay Stock Exchange. Due to the issuance of new shares by Spice in its IPO, TMI state was reduced to 39.2%.

June 2007

Indocel increased its shareholding in XL to 67.0% by a purchase of additional shares from AIF (Indonesia) Ltd.

2006

December 2006

Dialog, through Dialog TV, entered into a share sale and purchase agreement for the acquisition of 100% of the share capital of CBNP and CBNSP from Muhunthan Canagasooryam and Niranjan Canagasooryam.

October 2006

Casacom changed its name to TMIC.

September 2006

TMI through TMIL entered into a share sale agreement with Nasser Khan Ghazi to acquire an additional 11.0% equity interest in Multinet.

September 2006

Dialog acquired 90.0% of the total issued and paid-up share capital of Dialog TV (then known as Asset Media (Private) Limited) from Nihal Seneviratne Epa and Lasantha Joseph Milroy Peiris.

June 2006

Indocel increased its shareholding in XL to 59.7% via a purchase of additional shares from AIF (Indonesia) Ltd.

March 2006

TMI acquired the entire equity interest of TMI India (then known as DCIL), which had a 49.0% equity interest in Spice.

February 2006

TMI purchased the remaining 49.0% of Casacom (now known as TMIC) from Samart, and Casacom became a wholly-owned subsidiary of TMI.

February 2006

TMI obtained a 24.4% stake in SIM from SIM’s parent company, Samart. In addition, TMI has a 18.9% stake in Samart and Samart in turn holds 54.1% in SIM.

2005

December 2005

Dialog acquired 100% of DBN (then known as MTT Network (Private) Limited).

December 2005

TMI, through TMIL, acquired a 49.0% ownership interest in MTCE through a transfer from TRI , a wholly-owned subsidiary of Celcom.

October 2005

Indocel increased its shareholding in XL to 56.9% through the exercise of its call and put option.

October 2005

TMI, through SunShare, acquired 12.1% of the equity shares in M1 from Great Eastern Telecommunications Ltd. Prior to March 2006, SunShare made on-market purchases, bringing its total equity interest in M1 to 29.8%.

September 2005

XL was listed on the Jakarta Stock Exchange (now known as the Indonesia Stock Exchange).

September 2005

A restated joint venture and shareholders' agreement was entered into by SunShare, TMI, Khazanah and TM, as a new party to the earlier agreement, to participate in the affairs of SunShare.

August 2005

TMI, Khazanah and SunShare entered into a joint venture and shareholders' agreement to establish SunShare as a joint venture company for the acquisition of equity interest in M1.

July 2005

Dialog was listed on the Colombo Stock Exchange.

June 2005

Indocel acquired an additional 4.2% equity interest in XL from Rogan Partners, Inc.

February 2005

TMI, through TMI L, entered into a share sale agreement to acquire a 78% stake in Multinet from Nasser Khan Ghazi and Adnan Asdar.

January 2005

TMI, through TMIL, acquired the entire equity interest of Indocel, which had a 23.1% equity interest in XL.

1998

May 1998

TMI via TM purchased 51.0% of Cambodia Samart Communication Company Limited (Casacom) (now known as TMIC) from Samart.

1996

November 1996

Sunpower Systems (Private) Limited divested its stake in MTN (now known as Dialog) to TMI, which resulted in Dialog becoming wholly owned by TMI.

October 1996

TMIB was incorporated in Bangladesh as a joint venture company between A.K. Khan & Co. Ltd. and TM.

1994

February 1994

A joint venture agreement was entered into between TMI and Sunpower Systems (Private) Limited to set up Dialog (then known as MTN).