may have encountered a bump in its bid to be part of Digital Nasional Bhd , a special-purpose vehicle for building the country’s first 5G network. However, it is still hopeful of being part of the second 5G network having submitted its interest recently.
On when the results of the tender for the second 5G network will be known, Amar said: “I have no idea but we are waiting because this is under the purview of the MCMC.On Aug 23, TM said an agreement to buy a stake in DNB was terminated, after its request for additional time to seek shareholders’ approval was rejected.
“We are instrumental in wanting to develop the 5G ecosystem for Malaysia. So, even though our appeal and our request has not been approved by DNB, we still are keen to play a major role in terms of developing a 5G ecosystem. Meanwhile, TM posted a lower net profit of RM396.42mil in the second quarter ended June 30, 2024 from RM568.74mil a year ago primarily caused by the one-time recognition of tax losses in the previous year.
However, a decrease in voice and mobile device revenue resulted in a drop in operating revenue, decreasing by 1.6% to RM1.39bil down from RM1.41bil a year ago. TM has entered into a partnership with Nxera, Singtel’s data centre arm, to build an advanced artificial intelligence-ready data centre in Johor.
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