A report by Channel News Asia (CNA) has shed some light on the 5G rollout plan in our country. According to the news portal, it's not pretty.
A report by Channel News Asia has shed some light on the 5G rollout plan in our country. According to the news portal, it's not pretty.
As a quick primer, back in December last year, DNB caved and announced that the five telcos would own an accumulative stake of 70% in the country's single wholesale network, and then signed their Share Subscription Agreement . Each telco then agreed to inject RM233 million, to get their 14% stakes of the 5G pie.
According to a senior Finance Ministry official who claims to be monitor the 5G situation, they say that the audits are ongoing but there is no agreement on the composition of the board. 'Nothing is moving because telcos are starting to have doubts on the path forward.' Another reason for the breakdown is the deep, deep mistrust between the telcos and DNB; questions have arisen over the state-owned 5G entity over its decision to award the Swedish telecommunications company, Ericsson, the rights to develop the country's 5G infrastructure, estimated to have cost close to RM5 billion. Along with other arrangements with third parties over software procurement.
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