KUALA LUMPUR, June 23 — Digital Nasional Berhad (DNB) has confirmed that the conditions precedent under the Share Subscription Agreement (SSA), signed on December 1, 2023, have been met as of June 20, 2024. Four telcos – CelcomDigi, Maxis, U Mobile, and YTL Communications – are set to complete the equity deal by the end of June, while TM requires additional time, with a deadline of August 21, 2024, for shareholder approval.
DNB remains committed to fostering technological innovation and expanding digital services across Malaysia. The equity deal involves five telcos each holding a 14% stake in DNB, injecting RM233 million each, while the government retains a 30% stake. This move is crucial for transitioning to a dual 5G network model, ensuring broader 5G coverage and connectivity.
