Now Reading
No, Telekom Malaysia Isn’t Actually Involved In Sale Of Menara TM

No, Telekom Malaysia Isn’t Actually Involved In Sale Of Menara TM

Telekom Malaysia is merely a tenant, apparently.

Subscribe to our Telegram channel for the latest stories and updates.

When the iconic Menera TM was announced for sale, many netizens were taken by surprise.

Telekom Malaysia (TM) has resided in Menara TM since the tower was built, becoming an iconic landmark in its own right strategically located right next to Federal Highway.

READ MORE: “Let’s Make An Avengers Tower!” Netizens Joked After Menara TM Is Put Up For Sale

However, it turns out that TM the company does not actually own Menara TM the building.

The Menara TM

In fact, in a press statement, TM clarified the situation, noting that TM is merely a long-term tenant of Menara TM and not the owner.

The owner of Menara TM is actually Menara ABS Bhd, which is the party behind the sale of Menara TM.

As for why Menara TM is named after its tenant and not its owner, it turns out that it’s pretty common for key clients to have naming rights during their lease.

For example, Menara Standard Chartered (MSC) is named for its key tenant, Standard Chartered Bank, but the bank does not own the building and instead rents it together with other companies.

Telekom Malaysia DOES Have Their Own Property

Telekom Malaysia does own property of their own. The company has noted that they are in the process of relocating their corporate offices to their own buildings, including TM Annexe 1 and TM Annexe 2 as well as their properties in Cyberjaya.

Share your thoughts with us via TRP’s FacebookTwitter, and Instagram.

Get more stories like this to your inbox by signing up for our newsletter.

© 2024 The Rakyat Post. All Rights Reserved. Owned by 3rd Wave Media Sdn Bhd