TM terminates equity deal with DNB, Unifi 5G services unaffected - SoyaCincau

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TM terminates equity deal with DNB, Unifi 5G services unaffected - SoyaCincau
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Besides CelcomDigi, TM has also terminated its share subscription agreement with DNB. TM assures current Unifi customers can still enjoy 5G services.

. However, TM has assured that existing Unifi customers can continue to enjoy 5G services as the existing 5G access agreement with DNB is still in place.

In October, TM has signed the SSA to take a 20% stake in DNB alongside YTL Communications and CelcomDigi . However, the longstop date to fulfil all conditions have lapsed and TM has sent a termination letter to DNB. TM says it looks forward to the next process and discussion with the Government and the industry on 5G participation across Phase 1 and Phase 2 , as announced by the Government on 3 May 2023. TM is committed to continue playing an active role in the 5G implementation, leveraging its nationwide fibre infrastructure, extensive digital platforms and rollout experience.and they have assured that existing customers can continue to enjoy 5G.

At the moment, DNB is mandated to continue to rollout 5G until it achieves 80% population coverage by the end of this year before a second 5G network is introduced. MCMC COO recently revealed that a private entity will take over DNB once 5G population coverage reaches 80% and the government will divest its interest in the company.

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