Telcos to sign agreement on equity stakes in DNB soon, says Fahmi

KUALA LUMPUR, Sept 10 — All telecommunications companies (telcos) in the country will sign a share subscription agreement (SSA) on equity stakes in Digital Nasional Bhd (DNB) in the near future, says Communications and Digital Minister Fahmi Fadzil.

He said the implementation of the 5G network could be accelerated with the involvement of telcos in the SSA.

He said 5G network coverage in populated areas in Malaysia had reached 68.8 per cent as of August 31, and was expected to hit 80 per cent by the end of the year or early next year.

“At the latest (to reach 80 per cent), maybe in January (next year) if everything goes smoothly,” he told reporters after attending the Klang River Festival here, today.

On July 21, Fahmi said CelcomDigi, Maxis, Telekom Malaysia, U Mobile and YTL Communications would finalise negotiations on equity stakes in DNB, thereby supporting the development of…



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