dnb-interest-agreement:-decision-finalized-soon

KUALA LUMPUR: The implementation of the interest agreement between Digital Nasional Bhd (DNB) and six telecommunication companies (MNO) will be finalized soon.

DNB in ​​its statement on Wednesday said that although the agreement was signed with six companies on August 30, there was a slight change involving the majority share ownership of DNB by the existing telecommunications company.

“One company decided not to continue involvement in this agreement, while another company has not given any response, even though they have decided to be involved.

“Accordingly, a review of the transaction document (Shareholder Agreement) needs to be made to enable the subscription of equity by four MNOs (not six), which in turn requires further internal approval from the four MNO companies,” he said.

The statement added that the four companies are still interested in continuing the implementation of the agreement.

“Discussions on the 5G Access Agreement are ongoing with all six MNOs and under a separate and independent track.

“DNB is committed to ensuring that the 5G network and infrastructure will be available immediately.

“Currently, 5G coverage has reached about 30 percent of populated areas and is on the right track to reach the target of 80 percent coverage of populated areas by 2024,” he said.

source – Astro Awani

 

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