Five telcos have signed an agreement to acquire a 70% stake in the single wholesale network. Each telco will inject RM233 million to acquire a 14% stake. The Malaysian government will retain the remaining 30% stake.
DNB has announced that five telcos have executed their Share Subscription Agreement (SSA) to take up an accumulative 70% stake in the single wholesale network . The telcos will inject RM233 million each to acquire a 14% stake. The signing ceremony took place at DNB ’s office at TRX Exchange 106 and it is witnessed by Communications and Digital Minister. DNB will utilize the RM233 million injection from each telco to meet its funding requirements.
The Malaysian government will retain the remaining 30% stake and hold a special share in DNB
DNB Telcos Stake Wholesale Network Funding Malaysian Government
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