TM: Special dividend coming?

This is the news gathered from The Edge website:

Telekom Malaysia Bhd plans to dispose of 191.458 million Axiata Group Bhd shares for RM879.4 million.
TM said on Thursday, Dec 2 the shares would represent 2.27% equity interest in Axiata held by its unit TM ESOS Management Sdn Bhd (TEMSB).
“Assuming that all 191.458 million sale shares are disposed at a sale price of RM4.593 per share (being the five-day volume-weighted average market price for Axiata shares up to and including Dec 1), the proceeds raised from the proposed disposal will be approximately RM879.4 million,” it said.

My view:
Earlier, TM has sold its stake in MEASAT for RM252m. Based on 3577.4m shares outstanding, the RM879.4m proceeds from Axiata stake sale is translated into 24.58sen per share. (enough to cover the dividend commitment of TM for 1 year of estimated around 20 sen per share). If you add up the cash received from these 2 sales, it amounts to RM1.13 billion (not a small amount by any measurement).

Looking at the current trend, it seems like TM has the capacity to pay Special Dividend. The million $ question will be the willingness and the amount of special dividend paid.