U Mobile to reduce foreign majority shareholdings to 20%


KUALA LUMPUR: U Mobile Sdn Bhd, which has been selected to implement the country’s second 5G network, will reduce its foreign majority shareholding to 20 per cent to ensure greater Malaysian control and invite participation from local investors.

In a statement today, the telecommunication provider said the move was aligned with its commitment to the national agenda.

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U Mobile , 5G , telco , network , shareholding

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