DNB has secured RM1.7bil of commercial funding to date, Finance Ministry tells Parliament

  • 📰 staronline
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 75%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

PETALING JAYA: The commercial funding of RM1.7bil has been secured by Digital Nasional Bhd (DNB) as of January, says the Finance Ministry.

"This includes expenditure for network infrastructure, hardware and also working capital," it said in a written reply in the Dewan Rakyat on Thursday .

The Ministry noted that 5G networks were available around Kuala Lumpur, Putrajaya and Cyberjaya as of Dec 15. The Ministry also clarified that the 5G network implementation costs through DNB would be financed through a combination of deferred financing to vendors, trade and working capital financing, as well as Sukuk programmes to be issued in the country’s capital markets.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines