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Five telcos sign share subscription agreement with DNB
Published on: Friday, December 01, 2023
By: Bernama
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Five telcos sign share subscription agreement with DNB
KUALA LUMPUR: Five mobile network operators (MNOs) today signed a share subscription agreement (SSA) to hold equities in Digital Nasional Berhad (DNB). 

They are CelcomDigi Berhad (CelcomDigi) through Infranation Sdn Bhd, Maxis Broadband Sdn Bhd (Maxis), U Mobile Sdn Bhd (U Mobile), Telekom Malaysia Bhd (TM) and YTL Power International Bhd (YTL).

Communications and Digital Minister Fahmi Fadzil said the next step after the signing of the SSA is for these companies to help DNB complete the 5G implementation process to reach 80 per cent coverage.

“As of Oct 31, we have achieved 73 per cent coverage of populated areas, and there is another seven per cent to go to reach 80 per cent.

“This figure is important because after we have hit 80 per cent, the government will announce that a new entity can be created with a number of the MNOs remaining with DNB as entity A while another number of MNOs will begin operations and develop the second 5G network under entity B,” he told a media conference here today.

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