DNB stake sale meets deadline

Communications and Multimedia Minister Tan Sri Annuar Musa said the major telecoms players have agreed to take up stakes in DNB, the company that has been assigned the rights to build and operate the nation’s 5G network

PETALING JAYA: Six telecommunication players have signed non-binding term sheets that can see the group potentially buying up to a 70% stake in Digital Nasional Bhd (DNB).

Communications and Multimedia Minister Tan Sri Annuar Musa said the major telecoms players have agreed to take up stakes in DNB, the company that has been assigned the rights to build and operate the nation’s 5G network.