THE Finance Ministry will handle the sale of Jaring, the country's first Internet service provider, and not its parent Mimos Bhd, a state-owned research agency, an industry source said.
The handover of Jaring was effected on December 31 last year. Mimos' board endorsed the move at a meeting last week.
"It is likely that the Government will hold on to Jaring for a while longer before a suitable purchaser is identified," the source said.
It is learnt that although a government- linked company was on the verge of acquiring Jaring last year, the deal did not go through.
Mimos is said to have received between six and seven offers for Jaring. The selling price, however, is still not known.
Business Times reported in December last year that bidders included Datuk Ramli Abbas, a former chief executive officer of Celcom (M) Bhd, a mobile phone company and NasionCom Holdings Bhd, a firm that is building a network in the Klang Valley to offer high-speed Internet services.
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