Each of the 5 telcos will take a 14% and inject US$50m into DNB Key questions still remain in the air especially with regard to 2nd 5G network Five Malaysian Mobile Network Operators (MNOs) – CelcomDigi Bad (CelcomDigi) through Infranation Sdn Bhd, Maxis Broadband Sdn Bhd (Maxis), U Mobile Sdn Bhd (U Mobile), Telekom Malaysia Bhd (TM) and YTL...
Malaysian MNOs execute share subscription agreements with DNB as part of transition to Dual Network model for 5GKey questions still remain in the air especially with regard to 2nd 5G network
The SSA is subject to satisfactory due diligence by the telcos that is expected to be completed between Feb to April 2024. No details were provided on the rights provided by the government’s Golden Share, nor on the composition of DNB’s Board. Meanwhile Goh Seow Eng, CEO of Maxis said that it supports the Government’s digital ambitions “to bring more economic benefits to Malaysians, including a seamless transition to a dual 5G network.”
Taking note that the signing of the SSA is a first step in the proposals to transition to a dual wholesale network environment, Yeoh Seok Hong, Managing Director of YTL Power International said, “We look forward to guidance from MCMC and the Ministry as parties work on the detailed business plan for the second network to ensure that this model will deliver equitable and inclusive 5G services.”
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