The deal, which was announced in March, will see Telekom Malaysia invest up to $107 million in P1, as well as $64 million to acquire exchangeable bonds from Green Packet.
The move will see Telekom Malaysia also form a strategic partnership with SK Telecom; another key investor in the P1, to develop LTE infrastructure and services. P1 owns valuable wireless spectrum - including 30MHz in the 2300MHz band - and was one of the eight companies to be awarded with 20MHz of the 2600MHz spectrum suitable for 4G last year.
The deal is expected to close in Q3.
