, he said the six telcos have agreed to hold equity in DNB and the agreement would be followed by final negotiations on the price and so on.
“So the first phase has been resolved and at least six companies would be given the opportunity to carry out their due diligence as well as the evaluation method for the purpose of actual rollout implementation and DNB learned it may take between one to two months,” he said. Annuar added, “Hopefully, in another week, by July 8, it would be formalised by the signing of certain documents, then they would be given a period to conduct due dilligence so that at the latest by September, consumers can receive the rollout of 5G service in stages according to the area and infrastructure set up earlier by DNB.”
The Minister said he was happy with the latest developments because the 5G rollout was delayed due to appeal on the determination of using a Single Wholesale Network Model but now there’s a solution that’s accepted by all parties. It has been reported that the Ministry of Finance will inject RM500 million for its 30% stake in DNB, while the six telcos will each fork out RM200 million for a 12% share. When questioned about the impact of the
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