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Time dotCom's change in policy fuels merger talk, BUSINESS TIMES

By Cindy Yeap
Publication: Business Times (Malaysia)
Date: Monday, March 18 2002


Business Times (Malaysia)

03-18-2002

TIME dotCom Bhd's adoption of a more conservative accounting policy is
giving further credence to talk that it is preparing itself for a merger
with another rival.
The changes to how the company treats depreciation and network
amortisation charges, as well as higher bad debt provision, saw Time dotCom
reporting a net loss of RM43.23 million for the year ended December 31
2001.
If Time dotCom had retained its previous accounting policy, it would
have reported a pre-tax profit of RM132 million, or

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