Only 2 telcos signed up to own stake in DNB for 5G, says minister

 

TM and YTL are expected to continue with Phase 1A of the 5G rollout to three areas, namely Kuala Lumpur, Putrajaya and Cyberjaya.

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

Communications and multimedia minister Annuar Musa said he was hopeful that the other telcos will expedite (moves) to finalise an agreement with DNB before the June 30 closing date.

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

“So, for those who subscribe to TM and YTL, I was told that after Hari Raya they will rollout 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 last night.

On March 16, Annuar said that the issue of DNB 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. - FMT