Communications Minister Fahmi Fadzil announced that telecommunications companies (telcos) involved in implementing the dual-network 5G model are ready to sign an agreement to acquire equities in Digital Nasional Berhad (DNB).
This development aligns with the timeline to complete the share subscription agreement for DNB equity acquisition by 21 June, according to Bernama.
He emphasised that the second 5G network will also focus on additional aspects such as usage by micro, small, and medium enterprises (MSMEs) and industrial sectors. He added that this 5G network is most beneficial to the industry and MSMEs.
Fahmi expressed optimism that after 21 June, the formal process of forming the second network can begin.
Recently, four key ministries – the Communications Ministry, Digital Ministry, Finance Ministry, and Investment, Trade and Industry Ministry – held comprehensive discussions to draft strategies and action plans for implementing the second 5G network.
Previously, the telcos (CelcomDigi, Maxis, U Mobile, Telekom Malaysia and YTL Power International) involved were given 20 days to finalise and complete the equity holding process in DNB.
In May last year, the government announced the transition from the single wholesale network (SWN) model for 5G to the dual-network (DN) model once the 5G coverage in populated areas has reached 80%. As of April 2024, the coverage has reached 81.5%.
