SINGAPORE, 17 AUGUST 2005 - In response to media queries on Telekom Malaysia Bhd’s (TM) announcement to acquire some MobileOne Limited (M1) shares, Singapore Press Holdings, which owns a 14.1% stake in M1, issued the following statement:
"SPH had been in discussion with TM regarding its stake in M1, and has decided not to sell at this time.
"We welcome TM’s entry as a strategic partner in M1. SPH looks forward to working closely with TM and Keppel Telecommunications and Transportation Limited to enhance the value of M1."
Issued by Singapore Press Holdings Ltd
Co. Regn. No: 198402868E
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DID: 65-6319 2261
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About Singapore Press Holdings
Main board listed Singapore Press Holdings Limited is the leading media company in Singapore, in the print, Internet and broadcasting platforms. It publishes 13 newspapers in the four official languages and more than 70 magazine titles. Everyday, 2.78 million individuals, or 90 per cent of people above 15 years old, read one of the SPH publications. Its Internet Business Unit manages the online editions of SPH’s major newspapers and magazines, which together enjoy over 250 million pageviews a month. SPH also owns a 20% stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8, U and TV Mobile, and a 40% stake in MediaCorp Press Pte Ltd, which publishes free newspaper Today. It also operates two entertainment radio channels, UFM 100.3 FM in Chinese and WKRZ 91.3 FM in English, under a joint venture company UnionWorks with NTUC Media.