MALAYSIA: Malaysian Communications and Multimedia Minister Annuar Musa said on Thursday that the government expects to unveil a plan to sell a 70% ownership in the state-run 5G agency to six companies by the end of next week.
By the end of June, Malaysia’s government had hoped to complete the sale of Digital Nasional Berhad’s stake.
One of Malaysia’s most prominent media outlets stated last month that the country’s four main telecoms companies had requested majority ownership, which was in direct opposition to Malaysia’s proposal to give them a minority stake.
According to Minister Annuar, an official announcement might be made as soon as next week if talks proceed as planned.
Annuar told reporters on the sidelines of an industry event that “they have reached a certain understanding and everything will be concluded by next week, by the eighth of July”.
He didn’t go into any depth on anything.
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At the same time, he remarked, “We will make an announcement whenever a deal is finalized.”
