Communications Minister Fahmi Fadzil today announced that telco companies involved in the dual-network 5G model are ready to sign an agreement to take up equities in Digital Nasional Berhad (DNB). He added that this is in line with the timeline to complete the share subscription agreement process for the DNB equity acquisition by 21 June.
According to Bernama, the Communications Minister stressed that telcos must complete the share subscription agreement by 21 June and that they are generally ready to sign it. He added that the second 5G network will also focus on additional aspects such as usage in the micro, small and medium enterprises (MSMEs) and industrial sectors.
Fahmi said that he’s optimistic that the formal process of forming the second 5G network can begin after 21 June. This is following a meeting by 4 key ministries, namely the Communications Ministry, Digital Ministry, Finance Ministry, and Investment, Trade and Industry Ministry yesterday discussing draft strategies and action plans for the implementation of the second 5G network.
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