Malaysian mobile network operator (MNO) Maxis informed the stock exchange that it will hold off from seeking shareholder approval for its proposed Access Agreement (AA) with Digital Nasional Berhad (DNB). With Maxis being the sole holdout among the nationās cellcos when it comes to the AA, it revealed back in November 2022 that it intended to seek the approval of its shareholders before putting pen to paper on any access deal, saying that the āthe nature of the AA and the substantial undertaking involvedā made such a course of action āmandatoryā.
Although the company had initially suggested that it could finalise its AA withĀ DNBĀ ā the countryās sole 5G network operator ā in January 2023, in an announcement to the Bursa Malaysia late last week Maxis said it now felt it was āprudentā to delay seeking shareholder approval for the agreement until after the Malaysian governmentās review of the countryās 5G network implementation policy is concluded. As previously reported by CommsUpdate, last month Anwar Ibrahim, Malaysiaās new prime minister, confirmed that his administration was toĀ launch a review of the countryās state-owned 5G network strategy, and the governmentās review is currently expected to be tabled before the Malaysian Cabinet by the end of the first quarter of 2023.
Maxis has, meanwhile, stressed that it āremains committed to realising the countryās digital ambitions and believes in the benefits that 5G will bring to businesses, customers, and the government in strengthening Malaysiaās competitiveness in the regionā.
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