MCMC revealed that the 49% foreign equity threshold for Starlink was exempted after considering the value and benefits provided. Starlink Malaysia is 100% owned by Starlink Holdings based in the Netherlands.
in the past few years under previous administrations and it looks like they are finally making an entrance after the company has been given a special exemption to operate in Malaysia.
In response to our enquiry, the Malaysian Communications and Multimedia Commission said Starlink Internet Services Malaysia Sdn Bhd is given 12 months from the date of issuance to commence its operations. This requirement is imposed in the licence condition to all new individual licence holders under the Communications and Multimedia Act 1998 .
The regulator explained: “The present position in assessing such requests is to firstly look at the applicant’s organisational set-up, global presence and decision-making structure. Policy considerations include a review of the applicant’s “Malaysia Digital” status, the country’s commitments in any free trade agreement with the country of origin of the applicant, and the direct and indirect benefits the applicant can bring into Malaysia.
According to the Companies Commission of Malaysia , Starlink Malaysia was incorporated on 29th June 2021 with a total of 500,000 shares. Starlink Malaysia is currently 100% foreign-owned by Starlink Holdings Netherlands that’s based in Amsterdam.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Treaty that created modern Turkey still evokes pain for some, 100 years after signingLAUSANNE, Switzerland (Reuters) - The Treaty of Lausanne that formed modern Turkey is still cherished by some but remains a disappointment for others including Kurds and Armenians who hoped for autonomous regions and justice for Ottoman-era crimes.
Read more »
Fahmi denies order to blame PAS for The 1975 fiasco | The Malaysian InsightFahmi denies order to blame PAS for The 1975 fiasco
Read more »
UiTM is getting 10 Starlink satellite kits but their campuses already have fibre broadband accessKUALA LUMPUR, July 24 — As announced last week, the Malaysian government has placed orders for 40 units of Elon Musk’s Starlink satellite broadband kits and the MCMC has also...
Read more »
Satelit Starlink untuk pendidikan, NGO harap tak jadi ‘projek gajah putih’Satelit Starlink untuk pendidikan, NGO harap tak jadi ‘projek gajah putih’ FMTNews FMTBerita
Read more »
KKD: UiTM to receive 10 units of Starlink internet device | TechNavePreviously, we shared that our country is purchasing 40 internet devices from Starlink and accordingly, the company has been granted the legal license to operat
Read more »
Fahmi: UiTM to get 10 of Musk’s Starlink devicesSHAH ALAM, July 23 — Universiti Teknologi Mara (UiTM) is getting 10 units of Starlink satellite devices as part of the government’s efforts to improve the quality of internet...
Read more »