U Mobile exits DNB to drive second 5G network

U Mobile’s exit from DNB clears the path for its full commitment to the second 5G network.

KUALA LUMPUR: CelcomDigi Bhd, Maxis Bhd, YTL Power International Bhd and the Ministry of Finance (Inc) (MoF Inc) will collectively acquire U Mobile Sdn Bhd’s entire stake in Digital Nasional Bhd (DNB) for a total of RM100,000.

Under the agreement, the four parties will each acquire a portion of U Mobile’s 100,000 shares in DNB at RM1 per share, with the transaction expected to be completed by May 30, 2025, according to filings by CelcomDigi and Maxis yesterday.