News & Reviews:   share subscription agreement

As announced this morning, the precedent for the Share Subscription Agreements (SSAs) with CelcomDigi, Maxis, U Mobile and YTL Communications to hold shares in Digital Nasional Berhad (DNB) will be completed soon. Communications Minister Fahmi Fadzil welcomes the announcement but also released another statement on his social media.

Today, Digital Nasional Berhad (DNB) is pleased to announce that the Share Subscription Agreements (SSAs) are ready to be completed by the four mobile network operators (MNO) in Malaysia. Of course, this includes CelcomDigi Berhad through Information Sdn Bhd, Maxis Broadband Sdn Bhd, U Mobile Sdn Bhd and YTL Communications Sdn Bhd through YTL Power International Bhd.

Earlier, we had heard the news that Maxis and U Mobile backed out of taking up stakes in Digital Nasional Berhad (DNB) for the 5G rollout in Malaysia. Until now, DNB has confirmed that it's proceeding with the plan with the four remaining carriers without the two mentioned ones.