Axiata (formerly TM International) has fully settled the 4 billion Malaysian ringgit debt owed to former parent Telekom Malaysia (TM). The debt is part of the demerger process between the two companies. Axiata was originally a holding company for the international interests of Malaysian fixed line and broadband incumbent TM. The group was demerged in April 2008 as part of a structural reorganisation implemented by TM, and was listed on the Bursa Malaysia on April 28, 2008.
