kuala lumpur: Five mobile network operators (MNOs), including CelcomDigi Bhd (CDB) and Maxis Bhd, today entered into Conditional Share Subscription Agreements (SSA) with Digital Nasional Bhd (DNB) and the Minister of Finance (MoF Inc) to purchase shares in DNB. I accepted. .
Subject to satisfactory due diligence, the SSA will jointly subscribe to the government through Treasury Inc for 70 per cent of the shares or 14 per cent each of DNB and retain the remaining 30 per cent of the MNO holding special shares. Gives effect to the acceptance.
With the SSA’s signature, each MNO will inject approximately RM233 million, which will be leveraged to meet DNB’s financial requirements.
Meanwhile, in a filing with Bursa Malaysia, CDB said it had subscribed for 100,000 DNB shares through its wholly-owned Infranation Sdn Bhd at an issue price of RM1.00 per DNB share, or a total price of RM100,000. Ta.
“The proposed transaction will help CDB, along with other telcos, support the government’s 5G ambitions for DNB to achieve 80 per cent Coverage in Populated Areas (CoPA) target and qualify to participate in 5G in the country. The move to Dual Network (DN) represents a firm commitment to
“CDB believes that the 5G DN model will benefit the country’s digital agenda and leverage existing network and infrastructure resources provided by industry players to enable seamless 4G to 5G connectivity and create a single point of connectivity. “We believe we can reduce the risk of disability.”
Meanwhile, Maxis Bhd said in a filing with Bursa Malaysia that it will subscribe for 100,000 DNB shares at an issue price of RM1.00 per DNB share or a total price of RM100,000.
“Participating in the proposed investment is the first step in the transition to a dual 5G network model, and Maxis Group is committed to playing an active role.
“This means that we will first focus on achieving 80 per cent of 5G coverage in densely populated areas (CoPA) by the end of 2023 under DNB, and then move to a dual 5G network model. This is in line with the government’s announcement.”
DNB is wholly owned by MoF Inc, with an issued capital of RM500 million, consisting of 500 million ordinary shares.
DNB has achieved a CoPA of 73% in Malaysia as of October 31, 2023 and aims to achieve a CoPA target of 80% by the end of 2023.
At the close of trading on Bursa Malaysia, CelcomDigi fell 10 sen to RM4.24 with a turnover of 34.51 million shares, while Maxis added 6 sen to RM3.96 with 994,500 shares traded. Ta.
— Bernama
