What is the proposed equity stake for the six Malaysian telcos in DNB?

Question

Accepted Answer

Proposed Equity Stake for Six Malaysian Telcos in DNB

The six major telecommunications companies in Malaysia have agreed to acquire a combined stake of up to 70 per cent in Digital Nasional Berhad (DNB). This agreement is a crucial step towards their participation in the nation's 5G network rollout. The remaining shares in DNB will be held by the Ministry of Finance.
Agreement to Acquire Shares

All six prominent Malaysian telecommunications companies, namely Maxis, U Mobile, Celcom, DiGi, YTL, and Telekom Malaysia, have formally agreed to take up equity stakes in Digital Nasional Berhad (DNB). Maxis and U Mobile were the most recent to finalise their agreement on this matter. This collective commitment signifies a unified approach by the local telcos towards engaging with the national 5G infrastructure.
Contingent on Access Terms

The acquisition of these stakes is contingent upon the telecommunications companies reaching an agreement on the specific access terms with DNB. These companies have a deadline of August 31 to finalise and consent to these terms. Failure to do so by this date could jeopardise their opportunity to secure access to Malaysia's 5G single wholesale network.
Government's Shareholding

Following the proposed equity distribution, the Ministry of Finance will retain the remaining shares in Digital Nasional Berhad. This structure ensures government oversight while facilitating private sector participation in the development and operation of the 5G network, which was established in early March 2021 to accelerate infrastructure deployment.

Reading history

Hide →

This history is cleared when the page is closed.

What is the proposed equity stake for the six Malaysian telcos in DNB?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends