Maxis and U Mobile Reportedly Say No To Stakes In The National 5G Company

decided to retain the Single Wholesale Network modal to deploy 5G in Malaysia while offering 70% stakes in DNB to be spread evenly among local telcos.

According to the Industry Performance Report 2021 from the Malaysian Communications and Multimedia Commission published last Friday, Maxis delivered 22.8% of the RM40.31 billion revenue generated by the local telecommunications sector last year. The only other telco that surpassed this figure was TM at 28.6% while U Mobile’s specific figure was not revealed by the report although it is part of the 13% revenue generated by non-public listed telcos and MVNOs.

In terms of the big picture, it is also unknown if this move will slow down the mass market rollout of 5G in Malaysia. Finance Minister Tengku Zafrul has previously said that the government will no longer delay the deadline which is supposed to end today.

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