Telcos face paying RM394mil each for DNB stake


PETALING JAYA: Telecommunications giants CelcomDigi Bhd, Maxis Bhd and YTL Corp Bhd may need to fork out RM394mil each to buy out U Mobile Sdn Bhd’s and the Finance Ministry’s (MoF) equity stakes in Digital Nasional Bhd (DNB) for the second 5G network rollout, estimates CIMB Securities Research.

The research house said for now, investors looking at the sector should assume that CelcomDigi, Maxis and YTL, through its subsidiary YTL Communications Sdn Bhd, will stay put in DNB.

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DNB , 5G , network , Maxis , CelcomDigi , U Mobile , YTL

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