Politics

BERNAMA – No decision yet on telcos’ proposal for majority stake in DNB

KUALA LUMPUR, May 26 (Bernama) — The authorities has not decided on the proposal by Malaysia’s 4 largest telecommunications corporations (telcos) that are searching for a majority stake (51 per cent) within the state 5G company Digital Nasional Berhad (DNB), mentioned Communications and Multimedia Minister Tan Sri Annuar Musa.

He mentioned the matter can be mentioned with Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz and the federal government will reply on the request made by the telcos as quickly as potential.

“When we made the provide, we’ve thought over many occasions what we should always do. We need the business to develop and we should create a stage taking part in area, it can’t be the rule of the jungle, survival of the fittest. 

“We must make sure the industry grows and in order for it to grow, we must give a fair chance to everyone… Now, certain telcos want to merge, it is okay- it is their business decision,” he mentioned on the press convention after the ‘Yes 5G for All’ launch occasion right here at present.

He mentioned this in response to a information article concerning the proposal made by 4 Malaysian telecommunications corporations.

— BERNAMA



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