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Malaysian mobile operator U Mobile has sold its entire stake in the country’s Digital Nasional Bhd (DNB) 5G network.<\/p>\n
In an announcement this week, U Mobile said it has divested its 100,000 shares in the shared 5G network for RM100,000 (US$23,113) to fellow shareholders CelcomDigi, Maxis, YTL, and the Ministry of Finance (MOF).<\/p>\n<\/div>\n
The sale is part of U Mobile’s plans to build Malaysia’s second 5G network.<\/p>\n
CelcomDigi, Maxis, and YTL will each take 33,333 shares, while the MOF will take the remaining one share at the same price, according to stock exchange filings this week.<\/p>\n
This week, the carrier reiterated its plans to cover 80 percent of Malaysia’s populated areas within 12 months of launching.<\/p>\n
U Mobile is looking to build Malaysia’s second 5G network, rivaling the first built by DNB under the country’s previous government.<\/p>\n
Earlier this year, U Mobile chairman Tan Sri Vincent Tan Chee Yioun outlined plans<\/a> to complete the 5G network rollout by mid-2026. He noted at the time that the company would not need any additional backing from the government or new partners.<\/p>\n U Mobile has selected Chinese vendors Huawei and ZTE as network technology partners for its 5G network, a stark contrast to DNB, which opted for Ericsson<\/a>.<\/p>\n Launched in 2021, DNB has seen its network heavily scrutinized<\/a> by Prime Minister Ibrahim’s administration over claims of transparency issues. This led Ibrahim’s administration to review<\/a> DNB’s plan for a state-owned 5G network, with DNB quite clear that it was to be the only 5G network in the country.<\/p>\n After U Mobile’s exit this week, CelcomDigi, Maxis, and YTL have grown their ownership in the DNB to 19.44 percent each, meaning they collectively own 58.32 percent of the wholesale 5G network.<\/p>\n Meanwhile, the MOF has increased its stake from 34.88 percent to 41.67 percent following U Mobile’s exit.<\/p>\n Another carrier, Telekom Malaysia (TM), was previously a stakeholder in DNB, but saw its equity cut last year.<\/p>\n<\/div>\n