Malaysian MNOs to discuss next steps with government in DNB 5G shareholding

• MNOs to discuss and seek input on details of proposed equity stake offer
• 5G will bring key benefits to businesses, customers, and Government

With reference to the recent announcement by the Government on maintaining the Single Wholesale Network (SWN) model for 5G, Celcom Axiata Bhd, Digi Telecommunications Sdn Bhd, Maxis Bhd and U Mobile Sdn Bhd (MNOs) have officially expressed interest to the Ministry of Finance (MoF) and Ministry of Communications and Multimedia to further understand and explore the equity stake offer in DNB and the process moving forward.

As part of the expression of interest, the MNOs would like to discuss and seek input from the Government on the details of the proposed equity stake offer. The MNOs are keen to collaborate with MoF/K-KOMM and look forward to an approach that is typical of any major Mergers and Acquisitions process. The MNOs have recommended to set up project teams to align on processes such as due diligence, transaction timelines and other administrative matters.

The MNOs remain committed to playing an active role in 5G implementation and in realising the nation’s digital ambitions. 5G will bring significant benefits to businesses, customers, and Government in strengthening Malaysia’s competitiveness in the region.