UOB Malaysia provides financing to Ericsson Malaysia

KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) has provided a first tranche financing in the form of an RM800mil receivables purchase arrangement (RPA) to Ericsson (Malaysia) Sdn Bhd.

UOB Malaysia, in a statement said, this would enable Ericsson Malaysia to deliver the initial phases of Digital Nasional Berhad (DNB)’s nationwide 5G network rollout.

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UOB Malaysia , Ericsson Malaysia , Digital Nasional

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