"The issue of the sale of part of DNB shares to local telecommunications companies does not arise with regard to expenditure needed to develop the 5G infrastructure," the Deputy Finance Minister II said during his ministerial replies on debates on the Royal Address in Dewan Rakyat on Wednesday .
Based on the recent tender process carried out by DNB for the project, Yamani said that cost for the project would be RM11bil covering a ten-year period compared to the initial estimates of RM15bil. DNB was set up as a Special Purpose Vehicle to undertake the development of the 5G infrastructure and network licensed to operate under the Communications and Multimedia Act.
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