U Mobile set to solely own second 5G network

TA Research said that existing shareholders of DNB will continue focusing on infrastructure expansion and implementing cost optimisation initiatives.

PETALING JAYA: The divestment of U Mobile Sdn Bhd’s equity in Digital Nasional Bhd (DNB) comes as no surprise, as U Mobile is required to exit DNB following its successful bid to implement Malaysia’s second 5G network, says TA Research.

The Ministry of Finance (Inc) (MoF Inc), CelcomDigi Bhd, Maxis Bhd and YTL Power International Bhd have agreed to acquire all 100,000 of U Mobile’s shares in DNB for RM1 per share.