MNOs name for assembly with Govt, need particulars on 5G SWN stake supply


KUALA LUMPUR: Cell community operators (MNOs) Celcom Axiata Bhd, Digi Telecommunications Sdn Bhd, Maxis Bhdand U Cell Sdn Bhd (MNOs) want to focus on and search enter from the federal government on the small print of the proposed fairness stake supply with regard to the Single Wholesale Community (SWN) mannequin for 5G.

“As regards to the latest announcement by the federal government on sustaining the SWN mannequin for 5G, MNOs have formally expressed curiosity to the Ministry of Finance (MOF) and Ministry of Communications and Multimedia (Ok-KOMM) to additional perceive and discover the fairness stake supply in Digital Nationwide Bhd (DNB) and the method transferring ahead,” a joint assertion from them stated.

“The MNOs are eager to collaborate with MOF/Ok-KOMM and stay up for an strategy that’s typical of any main merger and acquisition course of,” the assertion continued. “The MNOs have beneficial to arrange venture groups to align on processes akin to due diligence, transaction timelines, and different administrative issues.”

The MNOs stated they continue to be dedicated to enjoying an lively position in 5G implementation and in realizing the nation’s digital ambitions.

“5G will carry important advantages to companies, clients, and the federal government in strengthening Malaysia’s competitiveness within the area,” they added. – Bernama

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