KUALA LUMPUR : Malaysia said on Friday it hopes to complete its plan to sell 70 per cent of its stake in 5G agency Digital Nasional Berhad (DNB) by this month, state news agency Bernama reported, after two mobile operators dropped out of talks on the equity sale this week.Two of the country's largest wire
KUALA LUMPUR : Malaysia said on Friday it hopes to complete its plan to sell 70 per cent of its stake in 5G agency Digital Nasional Berhad by this month, state news agency Bernama reported, after two mobile operators dropped out of talks on the equity sale this week.
The government had wanted six of the country's mobile operators to agree on taking a combined 70 per cent stake in DNB by Wednesday, following months of talks. The government hoped to eventually complete the equity sale this month, Zafrul said, adding that it was also considering selling some DNB shares to foreign players.
Malaysia's 5G plans have been repeatedly delayed since last year amid an impasse between DNB and major carriers over pricing and transparency, including concern that a sole state-run network would result in a nationalised monopoly.
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