DNB CEO To Be Announced On Aug 30 Along With Equity Holdings By Telcos

Communications and Digital Minister Fahmi Fadzil has indicated that Digital Nasional Bhd the country’s entrusted 5G network operator, is expected to finalise equity holdings in the company tomorrow

Another big announcement will be the new CEO who will be taking over after Ralph Marshall left will also be unveiled.

Fahmi had earlier been reported as saying that all telecommunication companies had agreed to sign the access agreement to provide 5G service but the matter of share ownership in DNB had yet to be announced.

On July 21, Fahmi said CelcomDigi, Maxis, Telekom Malaysia (TM), U Mobile, and YTL Communications would finalise talks on equity holdings in DNB soon

This would further support the development of the 5G network until coverage has reached 80 percent of populated areas by the end of this year.

Fahmi said the 5G rollout in populated areas had reached 66.8 percent as of July 31 this year.

Asked about the possibility of mobile network operators (MNO) imposing additional charges on subscribers using the 5G service, Fahmi said the Cabinet’s stand and the people’s sentiment on this issue had been conveyed to telecommunication companies.

“I have communicated this (issue) to the Malaysian Communications and Multimedia Commission (MCMC) and asked them to speak to telcos to clarify and rectify the matter. I will leave it to MCMC to make the announcement,” he said.

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