Azam Baki: Lawyer showed 17-second video of money talk, but premature for MACC to offer whistleblower evidence before formal complaint filed
“U Mobile, founded over 17 years ago as an innovation-led telco to challenge industry giants, has proven its success,” said Tan in a statement published in financial newspaper “With over RM5 billion invested from the private sector, we’ve built more than 10,000 network sites, offering competitive services 20–25 per cent cheaper than rivals, all while funding our own growth,” he said.“Foreign ownership is common among telcos worldwide. Today, U Mobile’s foreign shareholding is only 20 per cent, significantly less than competitors like CelcomDigi, which has approximately 33 per cent foreign ownership.
“While telcos initially proposed to fund 5G development privately, the Muhyiddin administration opted for a monopolistic model funded by taxpayers, putting RM16.5 billion at risk. In contrast, U Mobile will fully fund this second network without taxpayer money,” he said referring to former prime minister Tan Sri Muhyiddin Yassin.