Only two telcos signed agreement to own equity stake in DNB: Annuar

KUALA LUMPUR – Only two telecommunication companies (telcos), namely Telekom Malaysia Bhd (TM) and YTL Communications Sdn Bhd, have signed an agreement to own an equity stake in Digital Nasional Bhd (DNB) for the implementation of the 5G network in the country so far.

Communications and Multimedia Minister Tan Sri Annuar Musa said following this, it is hoped that other telcos will expedite (moves) to finalise an agreement with DNB before the June 30 closing date.

“This means that on June 30, any telco yet to take up their equity stake will be left out and we will move on because the focus now is on ensuring that the actual roll out takes place.

“So, for those who subscribe to TM and YTL, I was told that after this Hari Raya Aidilfitri they will roll out the 5G in three areas (Phase 1A), namely Kuala Lumpur, Putrajaya and Cyberjaya,” he said to reporters after attending the Rumah Prihatin breaking of fast event here yesterday.

On March 16, Annuar said that the issue of DNB’s monopoly in the implementation of the 5G network in the country did not arise anymore as the government will offer up to 70% of the equity stake to all telcos. – Bernama, May 2, 2022