Communication Minister Fahmi Fadzil said the newly appointed Digital Minister Gobind Singh Deo will announce the new board of directors for Digital Nasional Berhad and share more updates on the development of the 5G rollout plans.
This comes after Prime Minister Datul Seri Anwar Ibrahim said the issuer pertaining DNB will be shared this week since a scathing news report by Singapore’s Channel News Asia painted a ‘all not well’ scenario for the f=government owned entity.
The exclusive report cited officials on the ministry saying that mobile network operators involved for the new Share agreement have been dissatisfied and have raised concerns on the manner DNB is operating.
CNA said that the government officials and industry executives have acknowledged that after more than four months, both sides have yet to agree on so-called condition precedents (CP), legal parlance for events that must take place before a contract can come into effect. The CPs include the appointment of directors who would represent the private telcos in DNB, and the completion of three confidential audits on the state-owned entity by external experts. The audits would cover its financial standing, due diligence on large contracts the company has signed and a technical evaluation of its 5G systems.
“The audits are ongoing, but there is no agreement on the composition of the board. Nothing is moving because telco’s are starting to have doubts on the path forward,” acknowledged a senior Finance Ministry official, who is monitoring the 5G situation it said.
