YTL, CelcomDigi, Maxis complete deal with DNB, MoF Inc to pave way for 5G dual network model

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Celcomdigi News

Maxis,YTL,DNB

KUALA LUMPUR, June 28 — Four telcos, CelcomDigi, Maxis, U Mobile and YTL, have officially concluded their Share Subscription Agreement (SSA) to take a stake in Digital Nasional...

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The conclusion of the SSA will also pave the way for the establishment of Malaysia’s second 5G network as part of the government’s decision in May 2023 to shift from a Single Wholesale Network to a Dual Network model. The full participation of telcos is one of the requirements to allow the second 5G network.

According to YTL Power International Berhad, the investment in DNB signifies the YTL Power International Group’s commitment to play a leading role in driving Malaysia’s digital agenda and supporting the Government’s vision for a 5G Dual Wholesale Network environment that will deliver benefits to the nation.

CelcomDigi CEO Datuk Idham Nawawi said, “We are eager to move into the next phase of transitioning to the 5G Dual Network model and participating in the upcoming process to build the second 5G network. We welcome a solution that benefits Malaysian consumers and the industry through a fair and transparent selection and transition mechanism that will promote healthy and equitable competition between the two 5G networks, and advance the technological and economic development of the country.

Commenting on the SSA completion, U Mobile said it fully supports the government’s ambition to transition to a dual 5G network model to drive competition and ensure sustainability of the telecommunications industry in Malaysia.

Maxis YTL DNB Mof Inc YTL Power International Bhd YTL Power International Bhd 5G Network

 

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