FIVE Malaysian Telcos, CelcomDigi, Maxis, U Cellular, Telekom Malaysia, and YTL Energy Worldwide have signed share subscription agreements to amass a collective 70% fairness stake in Digital Nasional Bhd (DNB) – the nation’s 5G wholesale community provider.
Communications and digital minister Fahmi Fadzil stated the federal government will retain the remaining 30% in DNB through the Minister of Finance Included. The settlement is anticipated to be accomplished solely between February and April subsequent yr.
The businesses will every inject about RM233 million into DNB to satisfy its funding necessities.
He stated a brand new entity – Entity B, would be the second 5G community can be fashioned after DNB completes the implementation of the 5G community by reaching 80% protection in populated areas.
“As of the top of October, we’ve reached 73%. Upon reaching 80%, the federal government will announce the institution of a brand new entity,” he stated in a press convention after the occasion as we speak.
Fahmi stated the telecommunications corporations will interact in discussions and make a decision on which one amongst them will enter Entity B.
He stated the Malaysian Communications and Multimedia Fee could be the regulatory authority “to make sure truthful competitors between the 2 networks for the advantage of the folks”.
Whereas the federal government retained their stake in DNB, it is not going to maintain any within the second community, which is to be solely industrial. – TMR