CelcomDigi Berhad announced in a Bursa Malaysia filing today that the company has completed the conditional share subscription agreement with the Minister of Finance (Incorporated) and Digital Nasional Berhad (“DNB”) and signed the shareholders’ agreement (“SHA”) for equity stake in DNB.
This announcement follows its statement on 20 June 2024 saying it was ready to complete the SSA, affirming the Company’s full support towards the Government’s 5G Dual Network model, and readiness to lead in shaping the country’s 5G landscape and in delivering innovative 5G services to Malaysian consumers and enterprises.
“We are eager to move into the next phase of transitioning to the 5G Dual Network model and participating in the upcoming process to build the second 5G network. We welcome a solution that benefits Malaysian consumers and the industry through a fair and transparent selection and transition mechanism that will promote healthy and equitable competition between the two 5G networks, and advance the technological and economic development of the country. We have a proven track record and substantial experience in deploying mobile networks over the last 30 years. Combined with the RM 4 billion CAPEX we have invested to build Malaysia’s leading digital network, we believe we are in a strong position to lead the development of the second 5G network for Malaysia,” said CelcomDigi CEO Datuk Idham Nawawi.
