Malaysian 5G Network Owner Cancels Stake Sale to Telekom Malaysia

Friday, 23 August 2024, 18:19

Malaysian 5G network owner Digital Nasional Bhd. has scrapped its proposed stake sale to Telekom Malaysia. The deal, worth 233 million ringgit ($53.3 million), fell through due to Telekom Malaysia's failure to fulfill necessary requirements. This decision highlights the challenges in Malaysia's telecommunications sector as it moves forward with its 5G deployment.
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Malaysian 5G Network Owner Cancels Stake Sale to Telekom Malaysia
Malaysian 5G Network Owner Scraps Telekom Malaysia Stake Sale

Malaysian 5G Network Owner Cancels Stake Sale to Telekom Malaysia

Malaysian 5G network owner Digital Nasional Bhd. has announced the cancellation of its planned stake sale to Telekom Malaysia. This significant decision comes after a proposed transaction worth 233 million ringgit ($53.3 million) failed to meet necessary conditions. The telecommunications landscape in Malaysia faces complications as the country progresses toward full 5G deployment.

Background of the 5G Stake Sale

Initially, the stake sale was expected to bolster the operations of Digital Nasional Bhd. and enhance the 5G infrastructure in Malaysia. The failure of this deal raises questions about the future collaboration between the two giants in the tech sector.

Impact on Malaysia's Telecommunications Sector

  • Challenges in achieving operational synergy
  • Questions regarding future investments in 5G technology
  • Possible delays in 5G deployment timelines

The cancellation of this stake sale underscores the hurdles faced by telecommunications providers in Malaysia. Moving forward without this partnership may slow the rollout of advanced 5G services throughout the nation.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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