Deutsche Telekom to sell six percent stake in Celcom to Telekom Malaysia

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German telecommunications giant Deutsche Telekom said it would sell its six percent stake in Malaysian operator Celcom to Telekom Malaysia.

Deutsche Telekom said yesterday that the US$115 million dollars (RM437 million) it expects to earn from the sale would be used to reduce its debt, expected to hit 50 billion euros between now and the end of the year.

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