Digi ac­cepts spec­trum bands

The Sun (Malaysia) - - SUNBIZ -

PETAL­ING JAYA: Digi.com Bhd’s wholly owned sub­sidiary Digi Telecom­mu­ni­ca­tions Sdn Bhd (DTSB) yes­ter­day ac­cepted the of­fer in re­spect of the spec­trum as­sign­ments (SA) for 2x5MHz of 900MHz and 2x20MHz of 1800MHz spec­trum bands to DTSB for 15 years ef­fec­tive July 1, 2017.

The pay­ment for the one-time fee com­po­nent amount­ing RM598.55 mil­lion was made within the dead­line stip­u­lated by MCMC, which was yes­ter­day.

“The board of direc­tors of Digi has de­cided to fund the one-time fee com­po­nent mainly through its ex­ist­ing bor­row­ing fa­cil­i­ties and to main­tain healthy net debt-to-ebitda ra­tio be­low 1.0 time,” Digi said in a stock ex­change fil­ing yes­ter­day.

The bor­row­ings are not ex­pected to have ma­te­rial im­pact on Digi’s con­sol­i­dated earn­ings, earn­ings per share and net as­sets.

DTSB had re­ceived a let­ter of of­fer dated Aug 30, 2016 from the Malaysian Com­mu­ni­ca­tions and Mul­ti­me­dia Com­mis­sion in re­spect of the al­lo­ca­tion of the 900MHz and 1800MHz bands.

The spec­trum fee con­sists of two com­po­nents, which are the price com­po­nent of RM598.55 mil­lion and an­nual fee com­po­nent of RM51.48 mil­lion.

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