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Malaysia's U Mobile declines investment option in 5G agency

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SINGAPORE : U Mobile, Malaysia's fourth-biggest mobile carrier, has decided not to take a stake in state-owned 5G agency Digital Nasional Bhd (DNB), it said on Thursday.Malaysia has been one of the 5G laggards in Southeast Asia and protracted delays in talks between government and the country's mobile ope

SINGAPORE : U Mobile, Malaysia's fourth-biggest mobile carrier, has decided not to take a stake in state-owned 5G agency Digital Nasional Bhd , it said on Thursday.

"U Mobile has had extensive discussions and deliberations on the matter and after taking into consideration the terms of the investment as it currently stands, the telco has decided that it will not pursue the investment option in DNB," the company said in a statement.

 

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