Telekom Malaysia Announces Termination of Share Subscription Agreement with DNB

Telekom Malaysia has joined the ranks of companies withdrawing from an agreement to acquire an equity stake in Digital Nasional Berhad. Following the government's recent announcement permitting the deployment of a second 5G network.

Highlights

  • Telekom Malaysia has terminated its share subscription agreement for a 20 percent equity stake in DNB.
  • TM remains committed to playing an active role in 5G implementation.
  • TM has also confirmed that its customers of Unifi Mobile and TM One will continue to enjoy 5G services.

Follow Us

Telekom Malaysia Announces Termination of Share Subscription Agreement with DNB

Telekom Malaysia (TM) has terminated its share subscription agreement (SSA) for a 20 percent equity stake in Digital Nasional Berhad (DNB), according to the Bursa announcement (local exchange) filed on May 10, 2023. The announcement stated that the longstop date for fulfilling all conditions precedent in the SSA had lapsed, resulting in TM issuing a termination notice to DNB with immediate effect.




Also Read: Malaysia to Allow Second 5G Network Deployment, Telcos Respond

TM Remains Committed to 5G implementation

Despite the setback, TM remains committed to playing an active role in 5G implementation and looks forward to discussions with the government and industry on 5G participation in Phase 1 (towards 80 percent service coverage by DNB) and Phase 2 (shift to two networks), as announced by the government on May 3, 2023.

The company plans to leverage its nationwide fibre infrastructure, extensive digital platforms (data centre, edge nodes), and rollout experience to support the effort.

Continuity of 5G Services for TM Customers

According to the statement, TM has also confirmed that its customers of Unifi Mobile and TM One will continue to enjoy 5G services and solutions as the 5G wholesale Access Agreement remains in place.

In a statement, TM reiterated its commitment to serving as a trusted partner to grow Malaysia's overall connectivity and digital ecosystem, including 5G. The company aims to shape a Digital Malaysia through technology that empowers communities, businesses, and government.

Also Read: Telekom Malaysia Completes Fibre Optic Network Hub Across Sabah and Sarawak

TM Joins Other Companies in Terminating SSAs with DNB

Telekom Malaysia (TM) has joined the ranks of companies withdrawing from an agreement to acquire an equity stake in Digital Nasional Berhad (DNB). Following the government's recent announcement permitting the deployment of a second 5G network, TM, along with Celcom and Digi Telecommunications, terminated their respective share subscription agreements (SSAs) with DNB, effective from May 3, 2023.

Reported By

Telecom Analyst

Passionately following the Indian #Telecom Industry for over a decade from Business, Consumer and a Technical perspective. My primary focus area is Consumer & Digital Experience.

Recent Comments

Dipankar :

3rd class service. I had ordered twice for Jiofiber connection on april 03. But, still no one call me. Order…

JioHome by Reliance Jio: Plans, Benefits, and Offers for May…

Patriot :

PRBT services discontinued for postpaid individual users too. Can't use services from past 2 months...

BSNL Discontinues PRBT Service for Enterprise Clients, Shifts to AI-Driven…

TheAndroidFreak :

Did you test Vi on new phone? Vi 4G will give better speeds on X70 modem. Airtel Mumbai have less…

Airtel Prepaid Plans for May 2025: Full Details with Unlimited…

Sujata :

Learn to give credit where it's due man!

Why India's Move to Ban Huawei, ZTE in Telecom was…

SSS :

Like Chinese we are relying on USA also for anything and everything on technology. Android, IOS and Windows, social networking…

Why India's Move to Ban Huawei, ZTE in Telecom was…

Load More
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments