KUALA LUMPUR: CelcomDigi Bhd
and Maxis Bhd have each extended an additional RM202mil shareholder advance to Digital Nasional Bhd (DNB) to support its 5G rollout and spectrum-related payments.
In separate filings, the companies said the advances form part of a broader funding arrangement under a shareholders' agreement involving Minister of Finance (Incorporated), YTL Power International Bhd, Maxis and DNB.
Both companies said the additional shareholder advances are interest-free, not repayable on demand, and carry voting rights equivalent to ordinary shares in DNB, with each Ringgit advanced entitling the holder to one vote.
“The additional shareholder advance will be utilised by DNB to pay upfront spectrum fees as part of the spectrum acceptance and to meet its working capital requirements,” CelcomDigi said.
Following the latest injection, CelcomDigi’s total shareholder advances to DNB stand at RM551.9mil.
Assuming equal contributions from CelcomDigi, Maxis and YTL, each will hold an effective proportion of 22.94% in DNB based on share capital and advances, while Minister of Finance (Incorporated) remains excluded after exercising its put option previously.
Both CelcomDigi and Maxis said the additional advances are not expected to have any material impact on their earnings, net assets or gearing for the financial year ending 2026.
