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Message: <blockquote data-quote="sakuraguy" data-source="post: 1674872" data-attributes="member: 6441">Celcom Berhadhttp://img83.imageshack.us/img83/3875/celcomlogott2.gifType: Public (Suspended) Founded: 1988 Headquarters: Kuala Lumpur, Malaysia Key people: Datuk Shazzalli Ramly, CEODato' Zubir A. Rasid, COO Industry: Mobile telecommunication services Products: 2G and 3G mobile network operator Website: <a href="http://www.celcom.com.my" target="_blank">www.celcom.com.my</a> Celcom (Malaysia) Berhad is the largest and oldest mobile telecommunications company in Malaysia. Being one of the very few companies in Malaysia to originally obtain a cellular phone license, it successfully introduced mobile telephony in Malaysia through its ART-900 service, using first generation NMT-900 technology.When the cellular phone market was opened up in 1995, Celcom upgraded to the GSM900 service and quickly grew to become the largest mobile phone company in Malaysia until it was overtaken by Maxis.During the Asian financial crisis in 1997, Celcom's owner, Tan Sri Tajudin Ramli suffered a debt crunch, and his shareholding in Celcom was seized by Danaharta, the national asset restructuring company. Failure to resolve his debts resulted in the controlling stake in Celcom being sold to Telekom Malaysia, the government-owned incumbent fixed line operator in 2003. Telekom Malaysia proceeded to merge Celcom with its own mobile-operator subsidiary TMTouch through a reverse takeover of TMTouch.Celcom is one of two 3G service providers currently operating in Malaysia (The other being Maxis). As of 2006 Celcom is offering both 2.5G and 3G services on its Minutes postpaid and Xpax prepaid brands. Current customer base stood at 7 million as of early 2006. Celcom claimed a 95% nationwide mobile service coverage with 3G availability in most of Klang Valley, Johor Bahru, Melaka, Kulim and Penang.Celcom was originally listed on the Bursa Malaysia, but its listing has been suspended, pending the takeover of Celcom by Telekom Malaysia Berhad and its subsequent merger with TMTouch.Celcom is a member of the TM group of companiesCelcom have been taken private by Telekom in year 2003. However owing to the bad management of its former manangement Celcom was as found liable by an arbitration panel in Switzerland for infringing an agreement signed with Deutsche Telekom AG’s unit, DeTeAsia in 2002.The tribunal ruled that Celcom was liable to pay DeTeAsia US$177.2 million in principal plus US$16.2 million in interest as well as other legal and arbitration costs. This works out to a tidy sum of about RM740 million.Leaving Telekom to intensify its efforts at recovering monies from Celcom’s previous owners for their misdeed. Only then will TM be able to fully exorcise itself from the haunting of Celcom’s tumultuous past.Celcom is currently doing nation wide promotion using power icons like including footballers Steven Gerrard, Michael Owen, Ryan Giggs and Robert Pires and Chinese entertainers JJ Lin and Wang Lee Hom. Recently just signed its first local power icon Maya Karin.</blockquote>

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