Malaysia expects to complete sale of stakes in 5G agency this month

Malaysia expects to complete sale of stakes in 5G agency this month

Kuala Lumpur, Malaysia. Photo by Chee KahHay from Pexels

Malaysia said on Friday it hopes to complete its plan to sell 70% of its stake in 5G agency Digital Nasional Berhad (DNB) by this month, state news agency Bernama reported, after two mobile operators dropped out of talks on the equity sale this week.

Two of the country’s largest wireless carriers – Maxis Bhd and U Mobile – declined to take up stakes in DNB, disrupting the government’s plan to sign agreements with other operators, Reuters reported on Wednesday.

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