Goldman Sachs and UBS prime contenders for Telekom Malaysia sale advisors

Investment banks Goldman Sachs and UBS have emerged as the two frontrunners to advise Telekom Malaysia on the sale of its mobile arm Celcom. Telekom, which expects to launch the sale by October this year, had short-listed six banks to underwrite the deal, but people close to the deal have suggested that Goldman Sachs and UBS are the clear favourites. The spin-off could raise around USD900 million.