Telekom Malaysia to Lift Alcatel From Tendering Ban From Jan. 4
December 16, 2011, 6:18 AM ESTBy Barry Porter
Dec. 16 (Bloomberg) -- Telekom Malaysia Bhd., Malaysia’s biggest fixed-line phone operator, said it will lift its year- long ban on Alcatel-Lucent participating in its tenders from Jan. 4.
“Telekom is satisfied with the compliance program instituted by Alcatel-Lucent and believes it has implemented clear and enforceable policies and measures to prevent a recurrence of any improper acts,” the Kuala Lumpur-based company said in an exchange filing today. Axiata Group Bhd. also lifted its ban.
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To contact the editor responsible for this story: Barry Porter at bporter10@bloomberg.net
