PETALING JAYA: U Mobile Sdn Bhd will not be pursuing the investment option in state-owned fifth generation (5G) agency Digital Nasional Bhd (DNB), following extensive discussions and deliberations on the matter.
U Mobile said in a statement it is supportive of the government’s vision of a single wholesale network model for 5G deployment in Malaysia, adding that it is grateful to have been invited by the government to invest in DNB.
“U Mobile has had extensive discussions and deliberations on the matter and after taking into consideration the terms of the investment as it currently stands, the telco has decided that it will not pursue the investment option in DNB.
“The telco believes it would better serve Malaysians by focusing on its strengths of providing innovative and unbeatable connectivity and digital services that would realize the full potential of 5G technology,” it said.
U Mobile said its decision not to invest in DNB does not affect its ability to provide 5G services to customers, as access to DNB’s 5G network infrastructure is governed by a separate access agreement that is not linked to the equity investment in DNB.
“U Mobile, along with the other telcos, is in discussion to finalize the 5G access agreement with DNB.
“Once it is finalized and signed, DNB’s 5G access when combined with U Mobile’s existing 4G network will enable U Mobile customers to enjoy a truly seamless connectivity experience.
“U Mobile has full faith that DNB will be on schedule for the deployment of quality 5G network infrastructure and that it will carry out the government’s mandate to provide wholesale 5G coverage and capacity on an equitable and non-discriminatory basis via the 5G access agreement. “
U Mobile said it has been testing 5G services and is looking forward to its customers enjoying the full benefits of 5G with its 5G-ready products and services soon.
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