DiGi + Time?

There has been news around that says DiGi would merge with Time, especially with Time, under the backing of Khazanah, owns the precious 3G spectrum! Would this rumours turn out to be true?

Yes! It is true! It has been announced! There will be a tie-up between DiGi and Time! DiGi has offered to lease the 3G licence from Time for a total of 27.5 Million DiGi share, worth a whopping RM654.5 Million. That's a great deal of money!!!

Would this be a worthwhile buy? Is DiGi spending too much for the spectrum? Would this be good for handphone users?