U Mobile thanked the govt for being selected to rollout Malaysia's second 5G network. It is eager to work with MCMC, CelcomDigi, TM and Huawei for 5G rollout.
U Mobile eager to work with CelcomDigi and TM to build second 5G network, to reduce foreign majority shareholding to 20%has expressed gratitude to the Malaysian government for selecting them to implement Malaysia’s second 5G network. This comes after the Malaysian Communications and Multimedia Commission to ensure consumers can continue to enjoy the best 5G experience.As part of its commitment to the national agenda, U Mobile says it will be reducing its foreign majority shareholding to 20%.
Based on the latest SSM data, U Mobile is currently half-owned by Singapore-based Straits Mobile Investments Pte Ltd which holds a 48.3% stake in the orange telco. This is followed by DYMM Agong Sultan Ibrahim holding 22.3%, Magnum Berhad at 7.8%, Singer Sdn Bhd at 6.1% and U Telemedia Sdn Bhd at 5.6%.U Mobile says that it has a proven track record spanning more than 17 years and they are well-positioned to implement the second 5G network rollout.
It added that their continuous investment in the network expansion has allowed them to be the first in the country to provide unlimited data and they are committed to replicating their success for years to come. As mentioned by the MCMC yesterday, U Mobile is allowed to collaborate with other telcos for the implementation of Malaysia’s second 5G network, subject to approval by the regulator.U Mobile eager to work with CelcomDigi and TM to build second 5G network, to reduce foreign majority shareholding to 20%
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