Telekom Malaysia buys 49% in SpiceOur Bureaus / Mumbai/ New Delhi March 11, 2006Telekom Malaysia Berhad (TM), Malaysia's largest telecom company, will acquire a 49 per cent stake in GSM service provider Spice Telecom for $178.8 million (approximately Rs 800 crore) in cash.TM will acquire the Mauritius-based Distacom India Holdings Ltd (DIHL), which holds a 49 per cent stake in Spice Telecom. The BK Modi family will continue to have a 51 per cent stake in Spice Telecom.This acquisition will help TM to foray into the Indian market, the second largest telecom market in the world after China, after an abortive attempt to acquire a stake in Idea Cellular. In a statement to the Malaysian stock exchange, Bursa Malaysia, the company said,