KUALA LUMPUR, July 4 – Deputy Communications Minister Teo Nie Ching announced that mobile network operators (MNOs) participating in Malaysia’s second 5G network will be restricted to holding equity in only one of two designated entities. This policy aims to stimulate competition between the two entities, enhancing the quality of 5G services for the public.
Teo explained that under the agreement with Digital Nasional Bhd (DNB), each MNO must choose to invest in either entity A or B. After the Applicant Information Package (AIP) process, the successful tenderer will lead entity B, while unsuccessful bidders will remain in entity A. Those in entity B will sell their shares in DNB, ensuring the formation of two distinct entities. This move comes as Malaysia seeks to accelerate its 5G network development, with the Malaysian Communications and Multimedia Commission overseeing the selection process starting July 1, 2024.
