PhoneSentral Tech in Simplicity
CelcomDigi Berhad recently announced that it is ready to complete the conditional Share Subscription Agreement (“SSA”) and commence the process to build Malaysia’s second 5G network.
In a Bursa Malaysia filing, the Company said all conditions precedent in the conditional SSA it entered into with the Minister of Finance (Incorporated) (“MoF Inc.”) and Digital Nasional Berhad (“DNB”) on 1 December 2023 have been met. This announcement confirms CelcomDigi’s decision to be a shareholder in DNB.
The Ministry of Communications, Malaysia had announced earlier that the selection process to build
and operate Malaysia’s second 5G network will commence upon the completion of the SSA(s).
In achieving this milestone, CelcomDigi is prepared to play a leading role in shaping Malaysia’s 5G
landscape and continue its firm commitment to deliver 5G services to the nation, in full support of the
Government’s vision for the 5G Dual Network (“5G DN”) transition.
According to CelcomDigi’s press release, the company is ahead of schedule in its network integration and modernisation programme to build Malaysia’s leading digital network, passing the 50% completion mark as at mid-June 2024.
It also said that all key elements of CelcomDigi’s modernised network are 5G-ready – RAN, core and transport – to be commissioned for a 5G and 5G-Advanced standalone network, potentially delivering one of the largest 5G networks in the region geared towards building Malaysia’s digital society.
In case you didn’t know, CelcomDigi will also soon close down Yoodo which is part of the SSA in the next few months. Customers on Yoodo are going to be brought over to CelcomDigi with the new telco promising no change in their subscribtions.
For more details, you can go to CelcomDigi.
