Five telcos strike agreement for 70% equity in DNB

KUALA LUMPUR: Five mobile network operators (MNOs) have signed a share subscription agreement with Digital Nasional Bhd (DNB) that will see each of them inject about RM233mil.The capital from the MNOs – CelcomDigi (via Infranation Sdn Bhd), Maxis, U Mobile, Telekom Malaysia and YTL Power International Bhd – will be used to meet the wholesale network operator’s funding requirements.

Communications and Digital Minister Fahmi Fadzil said the next step is to assist DNB in hitting the targeted 80% coverage of populated areas (Copa) for 5G, which was at 73% as of October.