It's been almost 'forever' but we will finally have a new Digital Nasional Berhad (DNB) CEO soon. Initially announced early this year, Communications and Digital Minister Fahmi Fadzil told the media that when the share subscription agreement signing is finalised, they will send out the announcement.
According to Fahmi, the signing will be monitored by both Treasury Secretary-General Datuk Johan Mahmood Merican and Communication and Digital Secretary-General Datuk Mohamad Fauzi Md Isa. If all goes well, we can expect the announcement of the new DNB CEO as soon as next week, or even during the signing.
In addition, although all telcos have agreed to sign the 5G access agreement, the DNB's share ownership has yet to be determined, said Fahmi. According to Opensignal, 5G is still in its infancy in Malaysia as 5G Availability has risen by 3.3%, from 17.7% to 21% only. Maxis was the last telco to get on board last August.
To refresh your memory, DNB will be overtaken by a private company after achieving 80% of the 5G population coverage. This is part of the plan by the Malaysian government to transition DNB's single wholesale network to a dual network model. The government will also let go of its entire stake so DNB will no longer belong to them after the 80% 5G coverage goal.