Telekom Malaysia, Khazanah raise stake in MobileOne

Telekom Malaysia and its parent company, Khazanah Nasional, have increased their holding in Singapore’s smallest mobile operator MobileOne from 26.12% to 27.55% as part of a plan to extend their activities overseas. 14 million shares equivalent to a 1.43% stake were bought through SunShare Investments, a unit owned by Telekom Malaysia (80%) and Khazanah (20%).