The Four Telcos That Held Out Are Now Ready To Discuss Next Steps In National 5G Rollout Plan

They are seeking to understand and explore the equity stakes offer.
(credit: DNB | Jia Le / Unsplash)

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Recently Celcom Axiata Berhad, Digi Telecommunications Sdn Bhd, Maxis Berhad, and U Mobile Sdn Bhd made a joint statement recently regarding the government’s decision to maintain the Single Wholesale Network model for 5G.

The statement was issued a week after the covenant made the decision public that it will also offer 70% of the equity in the Digital Nasional Berhad (DNB) to telcos. 

READ MORE: Malaysia Is Sticking To Its 5G Single Wholesale Network Plan

Now the four mobile network operators (MNO) “have officially expressed interest to the Ministry of Finance (MoF) and Ministry of Communications and Multimedia (K-KOMM) to further understand and explore the equity stake offered in DNB and the process moving forward”.

They also “would like to discuss and seek input from the Government on the details of the proposed equity stake offer” and frame it as a “major mergers and acquisitions process”. 

At the same time, the MNOs have recommended setting up project teams for the process. 

The MNOs remain committed to playing an active role in 5G implementation and in realising the nation’s digital ambitions. 5G will bring significant benefits to businesses, customers, and the government in strengthening Malaysia’s competitiveness in the region.

MNO joint statement.

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