U Mobile inks RM4.3bil financing to support next gen 5G network deployment


From left: Cheah Wei Koon, Senior Vice President of Wholesale Banking Coverage, AmBank Group; Datuk Jamzidi Khalid, Managing Director of Wholesale Banking, AmBank Group; Freddy Ong Teck Guan, Regional Head, Corporate & Investment Banking Coverage, CIMB Bank; Chu Kok Wei, Chief Executive Officer, Group Wholesale Banking, CIMB Group; Sandy Tsang, Chief Financial Officer, U Mobile; Wong Heang Tuck, Chief Executive Officer, U Mobile; Chew Ching Ean, Managing Director, Client Coverage, Maybank Investment; Datuk John Chong, Group Chief Executive Officer of Global Banking, Maybank; Marie Phang, Head TMT, Corporate Banking, UOB Malaysia; and Andy Cheah, Country Head of Wholesale Banking, UOB Malaysia

KUALA LUMPUR: U Mobile has signed a RM4.3bil syndicated financing, which will fund its capital expenditure and working capital for the rollout of next gen 5G network deployment.

According to the telco, the funding will also accelerate the expansion of U Mobile’s ULTRA5G experience nationwide.

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U Mobile , CIMB , Maybank , UOB , AmBank , financing

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