KUALA LUMPUR:  Telekom Malaysia had on April 24 received RM2.09 billion from Axiata Group, which was the amount was for the full payment of RM2.05 billion including interest of about RM68 million.

The payment from Axiata was in line with the terms of the demerger agreement dated on Dec 10, 2007, said TM.

The amount was the remainder of the RM4 billion owed to TM. The initial RM2 billion was paid ahead of schedule earlier this month.

Axiata is one of the largest Asian telecommunication companies, focused in high growth low penetration emerging markets. It has a controlling interest in Malaysia, Indonesia, Sri anka, Bangladesh and Cambodia with significant strategic stakes in India and Singapore.

According to Axiata, India and Indonesia are amongst the fastest growing markets in the world. In addition, the Malaysian grown holding company has assets in telecommunication operations in Thailand, Pakistan and Iran.

Axiata's mobile subsidiaries and associates operate under the brand name "Celcom" in Malaysia, "XL" in Indonesia, "Dialog" in Sri Lanka, "AKTEL" in Bangladesh, "HELLO" in Cambodia and "Idea" in India, "M1" in Singapore and "MTCE" in Iran (Esfahan).

As of December 2008, the Group, including its subsidiaries and associates, has over 90 million mobile subscribers in Asia. The Group revenue for 2008 was RM11.3 billion.