Malaysia set to finalise deal with telcos for much-delayed 5G rollout

Singapore, Thailand, Philippines, Indonesia and Vietnam are ahead of Malaysia in their 5G deployment timelines. - Reuters

KUALA LUMPUR (The Straits Times/Asia News Network): Malaysia's top telecommunications companies (telcos) have agreed on terms to share ownership of Digital Nasional Bhd (DNB), the state-controlled company that will deploy the country's much-delayed 5G mobile network.

Industry sources told The Straits Times that a non-binding term sheet had been agreed upon by six telcos ahead of a June 30 deadline and a shareholders agreement for a stake in DNB is set to be inked in early July.