Celcom, Digi, Maxis & U Mobile accept offer on equity stake in DNB


As of 16 March 2022, the Malaysian government announced that Digital Nasional Berhad's (DNB) Single Wholesale Network (SWN) will remain as planned. However, the government also only retain a 30% equity stake in DNB and offered the rest of the 70% to Celcom, Digi, Maxis and U Mobile.

While we wondered how would the telcos respond, it didn't take long for them to reply that they welcome the Cabinet's decision to continue with the SWN model. At the same time, the telcos will also take up the offer for the equity stake in DNB. The spokesperson said the telcos will engage with the Ministry of Finance, Ministry of Communications and Multimedia, MCMC, and key industry players.

Emphasizing the 5G deployment to be built on principles of transparency, sustainability, and security, the telcos and DNB will be discussing the implementation of the model, including the proposed shareholding offer and transaction process. Initially, the telcos proposed having a Dual Wholesale Network model for competition but that isn't going to happen anymore.

With the government owning only a 30% equity stake, that also means that they no longer own DNB. It may take some time for the telcos and DNB to finalise everything so we just have to sit and wait. To add to that - also waiting for the 5G iPhones, Samsung Galaxy, ASUS smartphones to be eligible for the network.

Stay tuned for more trending tech news at TechNave.com.