Maxis remains the only major telco in Malaysia not offering 5G services at the moment. While customers of other telcos are already enjoying 5G, Maxis customers are still waiting for their turn. But, that is about to change.
According to Bernama, Maxis plans to sign the Access Agreement with Digital Nasional Berhad (DNB) to gain access to 5G products and services on a wholesale basis.
In a filing with Bursa Malaysia, Maxis expressed its belief that entering into the Access Agreement is in the company’s best interest. This decision comes after the government’s announcement that the 5G network implementation in Malaysia will be carried out by DNB, aiming to achieve 80% coverage in populated areas by the end of 2023.
Maxis stated that the proposed transaction aligns with its commitment to realising Malaysia’s digital aspirations and enhancing its converged network solutions. The Access Agreement with DNB will enable Maxis to offer 5G services to its customers, as DNB remains the sole neutral wholesale network provider responsible for deploying 5G infrastructure nationwide.
Maxis is set to execute the Access Agreement once it secures approval from its shareholders at an upcoming extraordinary general meeting, scheduled to take place in the third quarter of 2023.
The company anticipates incurring operating expenses of approximately RM360 million annually for the National 5G Wholesale Network Product.
