Business

Talks between telcos, DNB on service agreement still ongoing: Annuar

Companies have until June 30 to finalise participation, says minister

Updated 4 years ago · Published on 04 May 2022 7:44PM

Talks between telcos, DNB on service agreement still ongoing: Annuar
Tan Sri Annuar Musa says that all the companies are still in the process of negotiating the price or value of equity offered. – Bernama pic, May 4, 2022

KUALA LUMPUR – Negotiations between telecommunication companies (telcos) and Digital Nasional Bhd (DNB) on a service agreement for the implementation of the country’s 5G network are still underway, said Communications and Multimedia Minister Tan Sri Annuar Musa.

He said that so far, all the companies were still in the process of negotiating the price or value of equity offered.

“They (the companies) are given until June 30, 2022 to finalise their participation,” he said in a statement today.

As such, Annuar said an online portal report titled “Annuar Musa: Only TM and YTL have agreed to own an equity stake in Digital Nasional Berhad (DNB)”, dated May 2, was inaccurate.

Today, Bernama reported that only two telcos, namely Telekom Malaysia Bhd and YTL Communications Sdn Bhd, have signed a service agreement with DNB for the implementation of the country’s 5G network so far. –  Bernama, May 4, 2022

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