TM in a statement released on Monday said the company and MFL were unable to mutually agree on several fundamental commercial terms necessary for the intended collaboration, causing both parties to decide to part ways.
"Despite several extensions of the agreed deadline to sign a definitive agreement, both parties were unable to arrive at an understanding. In view of this, on November 1 2018, TM duly notified MFL in writing that the partnership has come to an end," TM added.
The company, however, said it would continue to give support to national sports and its athletes.
Kenyataan yg diedarkan oleh Group Brand Communication, TM, sebagai jawapan kepada kenyataan @MFL_MY berhubung penamatan kontrak sebagai penaja rasmi Liga Malaysia sebelum ini. @RimauXI pic.twitter.com/bkif8tARIX
— AKI (@khawari1) March 18, 2019
Last Friday, the MFL announced the termination of TM as the title sponsor for the M-League with immediate effect.
MFL chairman Tunku Ismail Sultan Ibrahim said the decision was taken after discussions to continue the existing contract did not proceed smoothly.
TM had signed an eight-year agreement with the MFL in January last year, said to be worth RM480 million.
