Friday 29 Mar 2024
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KUALA LUMPUR (July 31): Virtual mobile network operator XOX Bhd fell 4.54% this morning after the company said it is partnering an Indonesian telecommunication services company to take its Voopee mobile solution to Indonesia.

At 9.15am, XOX fell 0.5 sen to 10.5 sen with 1.36 million shares traded.

XOX said its wholly-owned subsidiary XOX Media Sdn Bhd has entered into a memorandum of understanding (MoU) with PT Inovasi Telematika Nusantara and Pengurus Besar Nahdlatul Ulama (PBNU) to conduct a study, with plans to deploy the Voopee solution under the Nahdlatul Ulama branding to be adopted by PBNU members.

XOX said the MoU will remain in force for six months or until a commercial agreement is entered between the parties.

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