Share to help stimulate good governance, ensure future of people & M’sia
No News Is Bad News
Racist Dr M’s pal Vincent Tan gets second 5G network
KUALA LUMPUR, Nov 2, 2024: Surprise! Surprise! The racist Dr Mahathir Mohamad (Dr M)’s pal, Vincent Tan, has secured the task for 5G implementation in Malaysia.
The Anwar Ibrahim-led Madani Unity Government (UG)’s Communications and Multimedia Commission yesterday announced that U Mobile Sdn Bhd has been selected to implement the nation’s second 5G network.
No News Is Bad News reproduces below a news report on the matter:
U Mobile chosen to implement second 5G network
-01 Nov 2024, 08:01 PM
The company, which has tycoon Vincent Tan as its chairman, will be allowed to work with other mobile network operators in rolling out the second 5G network.
U Mobile will be allowed to work with other mobile networks in rolling out the second 5G network, MCMC said. (Facebook pic)
PETALING JAYA: U Mobile Sdn Bhd has been selected to implement the nation’s second 5G network, the Malaysian Communications and Multimedia Commission has announced.
The telecommunications company, which has tycoon Vincent Tan as its chairman, will be allowed to work with other mobile network operators in rolling out the second 5G network, MCMC said.
It added that U Mobile was selected for the task following detailed deliberations on the technical and commercial aspects regarding the second network.
“MCMC will continue to oversee the progress of the implementation of Malaysia’s second 5G network to ensure total compliance with all regulatory requirements as provided for in the Communications and Multimedia Act 1998,” it said in a statement.
Among U Mobile’s major shareholders are Berjaya Group founder Tan and ST Telemedia of Singapore, which is backed by the Singapore government’s investment vehicle Temasek Holdings.
In July, Tan was reported to have told Bloomberg that a takeover offer from Maxis had been rejected and that a public listing for U Mobile, valued by its owners at RM10 billion, was being contemplated.
Maxis, ranked as the country’s second-largest mobile operator and controlled by billionaire T Ananda Krishnan, had been reported to be in the driving seat to lead the rollout of the second 5G network.
The government agreed to allow a second 5G network after shares in the state-owned Digital Nasional Bhd (DNB) were sold to Maxis, CelcomDigi, U Mobile and YTL Communications, with Telekom Malaysia awaiting shareholder approval for the deal.
The government retains a 30% stake and a special share in DNB for a designated period.
DNB was set up by the government in 2021 as a special purpose vehicle to develop the country’s 5G network and offer wholesale 5G services to private companies.
In May 2023, the Pakatan Harapan government said the country would shift to a dual 5G model once DNB attained 80% coverage in populated areas, a level achieved last December.
No comments:
Post a Comment