KUALA LUMPUR, 12 Feb — Digital Nasional Bhd (DNB) has begun restructuring, updating its business and funding plans, and implementing a radical operational and cost optimisation strategy, said the Digital Ministry.
In a written response uploaded on the Dewan Rakyat portal today, it said the transition from a single wholesale network (SWN) model to a dual 5G network model necessitates major changes in DNB’s operations, as the company was originally established under the SWN framework.
The government currently holds approximately a 34.9 per cent equity stake in DNB, along with special shares.
As part of the transition and following the DNB Shareholders' Agreement, the government will be compensated for its shareholding in DNB and will transfer its stake to telecommunications companies that are DNB shareholders.
“The government’s loan injection into DNB will be repaid by the telco shareholders, including interest charges.
“Additionally, government-guaranteed loans will be refinanced, releasing the government from its guarantee obligation,” said the ministry in response to Tasek Gelugor MP Datuk Wan Saiful Wan Jan's query regarding the government's strategy to ensure DNB’s sustainability and financial returns.
It also emphasised that DNB is working closely with its telco shareholders and industry experts to secure its long-term viability.
"The government remains committed to supporting DNB through this transition process, and ensuring the success of both 5G networks under the dual-network model," the ministry said.
— Bernama
