Malaysia’s 5G network faces scrutiny

07 December 2022

Digital Nasional Berhad (DNB) has denied that there is any state funding or guarantees anticipated or expected other than an initial start-up investment of MYR500 million for the establishment of Malaysia’s 5G network.

DNB has reiterated it will cost MYR16.5 billion to deploy the nationwide infrastructure over a ten-year period, which will be completely funded by revenue generated from the sale of capacity to mobile operators.

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AIS backs out of JV

05 December 2022

AIS has backed out of a joint venture to deliver digital banking services, with partner Siam Commercial Bank (SCB) to acquire its 50% stake.

AIS now plans to dispose of all investment in the AISCB venture made in October 2021 but has left the door open to work with SCB in other business settings. AIS stated that its business direction “continues toward the aspiration of providing digital life services.”

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Celcom Axiata and Digi merger completes

30 November 2022

Axiata Group Berhad, Telenor Asia Pte Ltd, and Berhad have announced the completion of the merger of the telco operations of Celcom Axiata Berhad and Digi. With this, Axiata and Telenor will both hold equal ownership in Celcom Digi at 33.1% each.

On completion, Axiata received newly issued Digi shares representing 33.10% of the enlarged share capital of Digi, and a cash consideration of RM2.5 billion funded by Digi and to be assumed by the merged entity. 

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Mitratel forecasts double-digit revenue growth

07 November 2022

Dayamitra Telekomunikasi (Mitratel) forecasts double-digit growth in revenue and profitability in 2022 after acquiring 6,000 towers from Telkomsel in the third quarter.

President director Theodorus Ardi Hartoko said that EBITDA is expected to continue to increase in line with large co-location growth opportunities. 

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