Finance minister: 5G rollout won’t need govt financing or loans; telcos set to save over 50pc | Malay Mail

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Finance minister: 5G rollout won’t need govt financing or loans; telcos set to save over 50pc

KUALA LUMPUR, Dec 10 — Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz today moved to clarify the proposed use of the Single Wholesale Network model for the 5G network launch.

“He stated that there has been no negotiation between MoF and KKMM regarding the selection of Digital Nasional Berhad for the implementation of 5G networks and infrastructure through the SWN model. He added the cost of implementing the 5G network will be financed through a combination of delayed financing to vendors, trade and working capital financing, as well as“It will also not involve any guarantees or funding from the government, particularly off-balance sheets, as some have alleged.

“In comparison, this is significantly cheaper than the current additional cost per GB of 4G by telcos, which is at a rate of 45 to 55 sen per GB,” he said. Tengku Zafrul also touched on the assumption that the interests of Bumiputera contractors will be pushed aside in the 5G project, which he said was completely untrue.

 

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