Malaysia’s biggest telcos seek majority stake in 5G agency, according to document

19/5/2022 4:00:00 PM

Malaysia’s biggest telcos seek majority stake in 5G agency, according to document

Malaysia Telcos, 5G

Malaysia’s biggest telcos seek majority stake in 5G agency, according to document

KUALA LUMPUR, May 19 — Malaysia’s four largest telecommunications firms are seeking a majority stake in a state 5G agency, countering a proposal by the government to offer them...

Thursday, 19 May 2022 8:43 PM MYTKUALA LUMPUR, May 19 — Malaysia’s four largest telecommunications firms are seeking a majority stake in a state 5G agency, countering a proposal by the government to offer them minority ownership, according to a letter sent by the firms to the finance ministry.

The four dominant providers — Celcom Axiata Bhd, DiGi Telecommunications, Maxis Bhd and U Mobile — also want a review of the pricing model and network access plan offered by the agency, according to the May 9 letter seen by Reuters.Their objections to the government’s proposal, which offered up to 70 per cent of the country’s sole 5G network operator spread among a wider group of companies, raise the risk of delays as the government aims to wrap up discussions on the stake sales by end-June.

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Malaysia's biggest telcos seek majority stake in 5G agency — documentKUALA LUMPUR (May 19): Malaysia's four largest telecommunications firms are seeking a majority stake in a state 5G agency, countering a proposal by the government to offer them minority ownership, according to a letter sent by the firms to the ministry of finance (MoF).The four dominant providers — Celcom Axiata Bhd , DiGi Telecommunications, Maxis Bhd , and U Mobile — also want a review of the pricing model and network access plan offered by the agency, according to the May

Want to use 5G on the Huawei P50 Pro? All you'll need is this phone case - SoyaCincauHuawei's latest flagship smartphones are running on Snapdragon 888 that's limited to 4G. If you need 5G for the Huawei P50 Pro, here's a third-party solution.

While 5G is still up in the air, Malaysia's telcos have lost RM26 billion in market value. What is MCMC doing? - SoyaCincauAccording to a report, four top public-listed telcos have lost RM26 bil in value while Malaysia's 5G is still up in the air. Can MCMC address the telco's pricing and transparency concerns of DNB's 5G access offer by 30th June? While Malaysia's telco claimed they lost billions in market value, rakyat Malaysia masih lagi tak dapat liputan 4G secara konsisten walaupun di bandar2 besar.

Malaysia's biggest telcos seek majority stake in 5G agency — documentKUALA LUMPUR (May 19): Malaysia's four largest telecommunications firms are seeking a majority stake in a state 5G agency, countering a proposal by the government to offer them minority ownership, according to a letter sent by the firms to the ministry of finance (MoF).The four dominant providers — Celcom Axiata Bhd , DiGi Telecommunications, Maxis Bhd , and U Mobile — also want a review of the pricing model and network access plan offered by the agency, according to the May

4 telco giants seek majority stake in DNB | The Malaysian InsightService providers object to govt proposal for minority ownership.

Report: Telcos want to be influential shareholders in DNB, seeking at least 51% equity - SoyaCincauIt was reported that Celcom, Digi, Maxis and U Mobile have told MOF that the proposed role as minority shareholders in DNB is not feasible. It demands at least 51% in order to reach an agreement.

for the latest news you need to know.A KUALA LUMPUR (May 19): Malaysia's four largest telecommunications firms are seeking a majority stake in a state 5G agency, countering a proposal by the government to offer them minority ownership, according to a letter sent by the firms to the ministry of finance (MoF)..that the top public listed telcos have collectively lost RM26 billion in market value year to date.

Thursday, 19 May 2022 8:43 PM MYT KUALA LUMPUR, May 19 — Malaysia’s four largest telecommunications firms are seeking a majority stake in a state 5G agency, countering a proposal by the government to offer them minority ownership, according to a letter sent by the firms to the finance ministry. The four dominant providers — Celcom Axiata Bhd, DiGi Telecommunications, Maxis Bhd and U Mobile — also want a review of the pricing model and network access plan offered by the agency, according to the May 9 letter seen by Reuters. Their objections to the government's proposal, which offered up to 70% of the country's sole 5G network operator spread among a wider group of companies, raise the risk of delays as the government aims to wrap up discussions on the stake sales by end-June. Their objections to the government’s proposal, which offered up to 70 per cent of the country’s sole 5G network operator spread among a wider group of companies, raise the risk of delays as the government aims to wrap up discussions on the stake sales by end-June. It looks like a typical battery pack case that plugs into the phone’s USB-C slot. “We would not be able to justify a passive minority investment in this venture without being able to exercise influence and control to safeguard our investment,” the letter said. Two people with direct knowledge of the letter confirmed its content to Reuters. Two people with direct knowledge of the letter confirmed its content to Reuters.33 billion or 17 sen per share, which is similar to FY 2020, and even paid slightly more than 100% of earnings last year.

They declined to be identified, citing the sensitivity of the matter. The companies and the MoF did not immediately respond to Reuters requests for comment.35GHz CPU and supports several sub-6GHz 5G bands in both SA and NSA modes. The companies and the finance ministry did not immediately respond to Reuters requests for comment. The communications ministry, which was sent a copy of the letter, and the 5G state agency Digital Nasional Berhad (DNB) also did not comment. The government in March offered all telcos in the country a combined equity stake of up to 70% in DNB, which is tasked with deploying 5G, after wireless carriers complained about its plan for a state-run network that will charge telcos for 5G access rather than allocating them spectrum. The government in March offered all telecom firms in the country a combined equity stake of up to 70 per cent in DNB, which is tasked with deploying 5G, after wireless carriers complained about its plan for a state-run network that will charge telcos for 5G access rather than allocating them spectrum. From the looks of it, it doesn’t come with its own battery so it may impact the P50 Pro’s battery life when 5G is in use. They said the plan would undermine competition and called for creating a second 5G network, but in March said they would be open to the government’s alternative proposal for equity stakes in DNB. The May 9 letter made no mention of how the government's proposed stake of up to 70% was to be allocated, although one of the sources with direct knowledge of the matter said nine firms were invited to participate, leaving the four big players with only a combined minority stake. According to The Edge, Maxis has lost over RM9 billion in value as its shares have fallen over 21% YTD based on the price of RM3.

The May 9 letter made no mention of how the government’s proposed stake of up to 70 per cent was to be allocated, although one of the sources with direct knowledge of the matter said nine firms were invited to participate, leaving the four big players with only a combined minority stake. ‘Most viable’ model The firms said they were still willing to explore the government’s proposal, but a stake of at least 51 per cent would be the “most viable to reach an agreement”. "The MoF-proposed role as minority shareholders does not appear to make it feasible for any of us to add value as shareholders and is not commensurate to our contribution to the industry, or our duty to our shareholders and customers," the letter said. Once a dominant player, it has. “The MoF-proposed role as minority shareholders does not appear to make it feasible for any of us to add value as shareholders and is not commensurate to our contribution to the industry, or our duty to our shareholders and customers,” the letter said. Only two smaller operators — Telekom Malaysia and YTL Communications, a unit of YTL Corporation — have signed up to the government’s 5G plan. Also complicating Malaysia's 5G plans is an impasse between DNB and the four major players over pricing and transparency, including concern that a sole state-run network would result in a nationalised monopoly, Reuters has reported. Also complicating Malaysia’s 5G plans is an impasse between DNB and the four major players over pricing and transparency, including concern that a sole state-run network would result in a nationalised monopoly, Reuters has reported.57 on 10th May which gave it a market capitalisation of RM26.

Read full story The four carriers’ letter called for a review of DNB’s “Reference Access Offer” (RAO) — a document published last month setting out pricing, service commitments and other details of the 5G wholesale model. The firms said that the current model offered in the RAO was"not commercially viable" and could lead to higher costs for customers and slower adoption rates. The firms say that the current model offered in the RAO was “not commercially viable” and could lead to higher costs for customers and slower adoption rates. “The absence of complete transparency on DNB’s rate of return and the linkage with the pricing arrangements in the RAO raises governance questions .... which will have a material impact on the affordability of 5G access," the letter said. Telekom Malaysia is the best performing public-listed telco but it still loses RM2.

which will have a material impact on the affordability of 5G access,” the letter said. Agreement on the RAO is a crucial step before the telcos can sign long-term deals with DNB to deploy 5G. DNB has said it will charge operators less to access its 5G network than their costs for 4G and has also offered 5G trial services to carriers for free until June 30 as it begins network deployment. DNB has said it will charge operators less to access its 5G network than their costs for 4G and has also offered 5G trial services to carriers for free until June 30 as it begins network deployment. It has also acknowledged questions over its transparency, telling Reuters last year that the country’s communications regulator would adopt stringent public guidelines to ensure fair pricing and a smooth rollout. The agency began an initial 5G network deployment in December last year. The agency began an initial 5G network deployment in December last year.75 trillion at the start of the year.

Since then, YTL is the only firm that has begun offering 5G services to its customers. Subscribe to Mid-day email alert We deliver news to your inbox daily. — Reuters Advertisement .