MNOs to discuss next steps in offer of 5G SPV shareholding

With reference to the recent announcement by the Government on maintaining the Single Wholesale Network (“SWN”) model for 5G, Celcom Axiata Berhad, Digi Telecommunications Sdn Bhd, Maxis Berhad and U Mobile Sdn Bhd (“MNOs”) have officially expressed interest to the Ministry of Finance (MoF) and Ministry of Communications and Multimedia (K-KOMM) 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.