Communications minister says deal reached for telcos to take equity stake in DNB

Malaysian communications minister Fahmi Fadzil has announced that the Malaysian Communications and Multimedia Commission’s ‘5G Task Force’ has successfully reached an agreement regarding equity participation in wholesale 5G operator Digital Nasional Berhad (DNB) with five of the country’s major telecoms operators.

In a press release issued by the minister and published on several social media channels, it was noted that CelcomDigi, Maxis, Telekom Malaysia, U Mobile and YTL Communications are all now in the process of finalising their respective shareholdings in DNB. However, the release stopped short of confirming exactly what stakes each operator will take.

As previously reported by CommsUpdate, following confirmation that the Malaysian government is to permit the rollout of a second 5G network in the country from 2024, a number of companies had withdrawn from previously agreed deals to acquire a stake in DNB.