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CelcomDigi completes share subscription agreement with MoF Inc. and DNB

June 28, 2024

Affirms commitment towards Government鈥檚 5G Dual Network model, ready to lead development of Malaysia鈥檚 second 5G network

PETALING JAYA, 28 June 2024 鈥 CelcomDigi Berhad ("CelcomDigi鈥) announced in a Bursa Malaysia filing today that the Company has completed the conditional share subscription agreement (鈥淪SA鈥) with the Minister of Finance (Incorporated) (鈥淢oF Inc.鈥) and Digital Nasional Berhad (鈥淒NB鈥) and signed the shareholders鈥 agreement (鈥淪HA鈥) for equity stake in DNB. 聽

This announcement follows CelcomDigi鈥檚 statement on 20 June 2024 saying it was ready to complete the SSA, affirming the Company鈥檚 full support towards the Government鈥檚 5G Dual Network model, and readiness to lead in shaping the country鈥檚 5G landscape and in delivering innovative 5G services to Malaysian consumers and enterprises.

Ready to lead the way in developing Malaysia鈥檚 second 5G network

鈥淲e are eager to move into the next phase of transitioning to the 5G Dual Network model and participating in the upcoming process to build the second 5G network. We welcome a solution that benefits Malaysian consumers and the industry through a fair and transparent selection and transition mechanism that will promote healthy and equitable competition between the two 5G networks, and鈥痑dvance the technological and economic development of the country. We have a proven track record and substantial experience in deploying mobile networks over the last 30 years. Combined with the RM 4 billion CAPEX we have invested to build Malaysia鈥檚 leading digital network, we believe we are in a strong position to lead the development of the second 5G network for Malaysia,鈥 said CelcomDigi CEO Datuk Idham Nawawi. 鈥

CelcomDigi has a strong track record of building networks in Malaysia over the last three decades, and now operates the widest 4G network in the country, which covers 97% of populated areas nationwide. The Company has been actively upgrading its network through its nationwide integration and modernisation exercise. It aims to build Malaysia鈥檚 leading digital network with an end state of 18,000 5G-ready sites delivering seamless 5G and 4G experience to all Malaysians. The modernised network, which will enable fast deployment of 5G and 5G-Advanced technology across its footprint, is ready to be commissioned as one of the largest standalone 5G networks in the region geared towards driving increased 5G adoption to realise Malaysia鈥檚 digital society aspirations. CelcomDigi is committed towards the Government鈥檚 5G Dual Network model and is ready to lead the development of Malaysia鈥檚 second 5G network. 聽

For more information, please refer to the related Bursa Announcement here. 聽

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CelcomDigi completes share subscription agreement with MoF Inc. and DNB

June 28, 2024

Affirms commitment towards Government鈥檚 5G Dual Network model, ready to lead development of Malaysia鈥檚 second 5G network

PETALING JAYA, 28 June 2024 鈥 CelcomDigi Berhad ("CelcomDigi鈥) announced in a Bursa Malaysia filing today that the Company has completed the conditional share subscription agreement (鈥淪SA鈥) with the Minister of Finance (Incorporated) (鈥淢oF Inc.鈥) and Digital Nasional Berhad (鈥淒NB鈥) and signed the shareholders鈥 agreement (鈥淪HA鈥) for equity stake in DNB. 聽

This announcement follows CelcomDigi鈥檚 statement on 20 June 2024 saying it was ready to complete the SSA, affirming the Company鈥檚 full support towards the Government鈥檚 5G Dual Network model, and readiness to lead in shaping the country鈥檚 5G landscape and in delivering innovative 5G services to Malaysian consumers and enterprises.

Ready to lead the way in developing Malaysia鈥檚 second 5G network

鈥淲e are eager to move into the next phase of transitioning to the 5G Dual Network model and participating in the upcoming process to build the second 5G network. We welcome a solution that benefits Malaysian consumers and the industry through a fair and transparent selection and transition mechanism that will promote healthy and equitable competition between the two 5G networks, and鈥痑dvance the technological and economic development of the country. We have a proven track record and substantial experience in deploying mobile networks over the last 30 years. Combined with the RM 4 billion CAPEX we have invested to build Malaysia鈥檚 leading digital network, we believe we are in a strong position to lead the development of the second 5G network for Malaysia,鈥 said CelcomDigi CEO Datuk Idham Nawawi. 鈥

CelcomDigi has a strong track record of building networks in Malaysia over the last three decades, and now operates the widest 4G network in the country, which covers 97% of populated areas nationwide. The Company has been actively upgrading its network through its nationwide integration and modernisation exercise. It aims to build Malaysia鈥檚 leading digital network with an end state of 18,000 5G-ready sites delivering seamless 5G and 4G experience to all Malaysians. The modernised network, which will enable fast deployment of 5G and 5G-Advanced technology across its footprint, is ready to be commissioned as one of the largest standalone 5G networks in the region geared towards driving increased 5G adoption to realise Malaysia鈥檚 digital society aspirations. CelcomDigi is committed towards the Government鈥檚 5G Dual Network model and is ready to lead the development of Malaysia鈥檚 second 5G network. 聽

For more information, please refer to the related Bursa Announcement here. 聽