Digital Nasional Berhad (DNB) has announced that four major telecommunication companies have completed the share subscription agreement (SSA), with each
Digital Nasional Berhad has announced that four major telecommunication companies have completed the share subscription agreement , with each obtaining a 16.3% stake. Those involved include CelcomDigi , Maxis, U Mobile, and YTL .
Telekom Malaysia is the only major company that has yet to finalise its SSA. For now, the Ministry of Finance holds a 34.9% stake in DNB, while the other telcos' stakes have increased to 16.3% due to the delay. Once TM's SSA is completed, the ministry's percentage will be reduced to 30%, as stated during the signing of the agreement on 1 December 2023, therefore giving all companies a collective holding of 70% in DNB.
Speaking of which, communications minister Fahmi Fadzil announced on 21 June that he has directed the Malaysian Communications and Multimedia Commission to begin identifying and appointing a telco for the second 5G network. He noted that the commission will begin the tender process on 1 July 2024.
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