Business

Access deal with DNB done, equity talks being finalised: Fahmi

Minister says service providers to take all appropriate governance actions to complete process

Updated 3 years ago · Published on 21 Jul 2023 1:22PM

Access deal with DNB done, equity talks being finalised: Fahmi
As of June 30, Digital Nasional Bhd has developed a 5G network infrastructure which provides 64.7% coverage in populated areas, says Fahmi Fadzil. – ALIF OMAR/File pic, July 21, 2023

KUALA LUMPUR – The Malaysian 5G Dual Network Implementation Task Force has succeeded in reaching an agreement regarding equity participation in Digital Nasional Bhd and a 5G access agreement with DNB.

Communications and Digital Minister Fahmi Fadzil said CelcomDigi, Maxis, Telekom Malaysia, U-Mobile, and YTL Communications will be finalising the negotiations on share ownership in DNB and support the development of the 5G network by DNB until it reached 80% coverage in populated areas by the end of this year before switching to a dua network model as early as January 2024.

“The service provider companies will take all appropriate governance actions to complete this process,” he said in a statement here today.

The Malaysian 5G Dual Network Implementation Task Force was co-chaired by Treasury Director-General Datuk Johan Mahmood Merican and Communications and Digital Ministry Secretary-General Datuk Mohamad Fauzi Md Isa.

Fahmi said as of June 30, DNB had developed a 5G network infrastructure which provides 64.7% coverage in populated areas and was on the right track to achieve the set target.

The minister said as per the commitment given before, Maxis has started the process to sign a 5G access agreement with DNB after several issues related to the matter were finalised on July 11.

“Maxis customers will start enjoying 5G services once Maxis gets shareholder approval at its extraordinary general meeting next month.

“CelcomDigi, Telekom Malaysia, U-Mobile, and YTL Communications have already offered 5G services after signing a 5G access agreement with DNB since last year,” he said.

Fahmi said his ministry, with the cooperation of all parties, always ensures that the government’s aspirations are realised through an inclusive, transparent, and comprehensive process in order to guarantee the best quality of service for society. – Bernama, July 21, 2023

Related News

Malaysia / 11mth

Affordable, safe internet: Malaysia a reference for African nations

Malaysia / 1y

Minister calls for radio to remain a unifying force on World Radio Day

Malaysia / 1y

PM upset over delays in MyDigital ID, second 5G network rollout

Business / 1y

Decision to award 5G network deal to U Mobile comes under scrutiny

Malaysia / 2y

Fahmi denies asking Google to disable ringgit currency converter widget

Malaysia / 2y

Fahmi urges media to cooperate in police probes into news sources

Spotlight

Malaysia

Sarawak DUN to be dissolved on Monday, October 26 – Abang Jo

Malaysia

Architect with 'Datuk' title pleads not guilty to molesting senior police officer's son

World

Strange creature spotted near US-Mexico border

Malaysia

Akmal says public donations hit RM174k, redirects funds to the needy

Malaysia

Illegal temple in Klang used to store drugs

Malaysia

Individual posing as aide to Raja Muda of Selangor causes RM700,000 in losses

Malaysia

Penang to seek greater clarification over Waze ban

By Ian McIntyre

Malaysia

Ismail Lasim insists he remains Negeri Sembilan MB

You may be interested

Business

Oil price surge threatens to raise costs for Malaysia as Brent hits five-month high

Business

Generating new revenue sources: Malaysia should look into marine-fuel industry, says expert

Business

Former tech company director charged over RM5.5m breach of trust

Business

BNM flags compliance failures after action against company secretary, Labuan bank