Five telcos sign SSA for 70% equity in DNB, with each injecting RM233mil

Fahmi said the next step is to assist DNB in hitting the targeted 80% coverage of populated areas (COPA) for 5G. — ART CHEN/The Star

KUALA LUMPUR: Five mobile network operators (MNOs) have signed a share subscription agreement (SSA) with Digital Nasional Bhd (DNB) that will see each of them inject approximately 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.