Malaysia's DiGi, TIME dotCom form tie-up

KUALA LUMPUR, Nov 13 (Reuters) Malaysia's mobile phone firm DiGi agreed on Tuesday to form strategic and equity tie-ups with broadband telecommunications firm TIME dotCom Bhd , allowing DiGi access to TIME's prized 3G spectrum.

State-controlled TIME said it also received an offer from DiGi's parent, Telenor, to buy a stake in DiGi via a share placement to help DiGi comply with Malaysian equity rules.

REUTERS SLD DS1250