MNOs hail SWN continuation, stake offer in DNB

KUALA LUMPUR: Mobile network operators (MNOs), namely Celcom Axiata Bhd, Digi Telecommunications Sdn Bhd, Maxis Bhd, and U Mobile Sdn Bhd have welcomed the Cabinet’s decision to continue with the Single Wholesale Network (SWN) model, as well as the offer for MNOs to take up an equity stake in Digital Nasional Bhd (DNB).

In a joint statement, the MNOs said the companies will engage with the Ministry of Finance, the Ministry of Communications and Multimedia and the Malaysian Communications and Multimedia Commission (MCMC) and key industry players on further details on the implementation of the model, including the proposed shareholding offer and transaction process.