Malaysia hands 5G spectrum to little-known firm controlled by politically linked tycoon

The May 15 decision, signed off by Communications and Multimedia Minister Saifuddin Abdullah, went unannounced to the public and appears to be the first major reversal of infrastructure policy by the three-month-old Perikatan Nasional government.

Despite much fanfare concerning the potential of 5G services - which could be up to 20 times faster than current 4G mobile connections - the signed orders were only uploaded to the MCMC website in a buried section on spectrums, with no media statements issued since. "It is strange because some of the companies that were awarded are public listed. They would have to announce it to the stock exchange once they are aware as there are also hundreds of millions in fees involved," one executive who spoke on condition of anonymity said.

Maxis proposed to MCMC during last year's stakeholder engagements on 5G that a 2x10MHz band in the 700MHz range allocated last month be charged at RM323.3 million upfront with a RM27.8 million annual fee.

TigerAssassino No wonder bid cancel.

Old Malaysia is back. The familiar Malaysia we know and love.

betul... melayu dapat riuh seolah org lain akan mati tak makan... Tak sedar diri

KUALA LUMPUR (June 2): Telekom Malaysia Bhd (TM), Celcom Axiata Bhd, and units from Maxis Bhd and Bhd have been given the 700 megahertz (MHz) band of 5G network by the Ministry of Communications and Multimedia (KKMM). This is the 'fooled' version story

Kalau orang Melayu dapat.. Kecoh puak DAP

Because the RICH don't WORK for MONEY, the RICH 'created' their OWN wealth....🤔

Crony

Why sensationalize Altel ? Maxis, Digi, Celcom and TM also being awarded

N this person is linked to which political party pls? Wht abt othrs gaming, sugar, housing n property, to which political party r their captains linked?

Why am i not surprised at all ...

Ni saifuddin abdullah yg luluskan le ni....

Malaysia has 'quietly awarded' seemingly 'without an open tender previously promised'. saifuddinabd how's your integrity lately ?

إِنَّا لِلَّٰهِ وَإِنَّا إِلَيْهِ رَاجِعُونَ.

What else is new? Our leaders jz luv d old normal ways of doing things.

Syed Mokhtar ini bukan Kroni kuat Tun ke?

OMG! Corporate governance at stake?

Cronisym again. But everything that Syed Mokhtar touches, die! All the great companies he took over slowly dying!

Please speak up. WE ARE AGAINST CRONYISM. We want open tender.

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