KUALA LUMPUR, Nov 1 — Mobile network operators (MNOs) and Digital Nasional Bhd (DNB) are expected to sign a share subscription agreement (SSA) this month, said Communications and Digital Minister Fahmi Fadzil.
A decision on the signing date was agreed upon after a meeting with telecommunications companies (telcos) today and is now awaiting some decisions from the boards of the telcos.
“On the issue of DNB, I am pleased to announce that I met with DNB and the telcos, represented by their chief executive officers (CEOs), at 2.30pm, and we have decided on the SSA’s signing date, which we hope to take place his month, InsyaAllah, depending on some decisions that the CEOs need to refer to their respective boards,” he said.
Fahmi was speaking during the winding-up of the debate on the Supply Bill 2024 for his ministry in the Dewan Rakyat today.
DNB is currently the sole holder of Malaysia’s 5G spectrum, set to achieve 80 per cent coverage by the end of 2023.
Five MNOs, namely CelcomDigi Bhd, Maxis Bhd, Telekom Malaysia Bhd, U Mobile Sdn Bhd, and YTL Communications Sdn Bhd, have agreed to take up equity stakes in DNB to support the country’s 5G network development.
DNB was established in early March 2021 to accelerate the deployment of 5G infrastructure and network in Malaysia.
Meanwhile, Fahmi said concerning the appointment of DNB’s CEO, the Ministry of Finance (MoF) will manage this.
“In terms of the structure, it (the DNB CEO’s appointment) is under the MoF,” he said.
5G coverage in Malaysia has reached 70.2 per cent in populated areas as of September 30 and is on track to reach 80 per cent by the end of 2023.
— Bernama
