Telekom Malaysia gives consent over selling its 60% stake in Guinea operator Sotelgui to the Guinea government. The government already holds 40 percent in the national operator and took over management of the company in 2005. In 1995 TM first invested in Sotelgui and proclaimed in 2005 plans to sell the holding. TM is selling the stake for a token price of $ 1, while the government has also agreed to pay debts of $2.04 million toTM. Value of the stake to $1 was already written down, but it will also make a currency exchange loss of MYR 82 million on the deal.The Guinea government is expected to prepare the operator for a new privatisation, after the completion of deal.

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