• last year
Five local mobile network operators have finally executed their share subscription agreements to take up equity stakes in Digital National Bhd.
Transcript
00:00 This is a historic day.
00:03 As we all know, DNB was established in 2020-2021.
00:08 One of the things that was planned from the start
00:13 was the equity participation by telecommunications companies.
00:17 Alhamdulillah, the next step is to help Digital National Berhad
00:25 complete the 5G network implementation process to 80%.
00:31 And I have mentioned before that
00:36 until the end of October, 31st October,
00:39 we have reached 73% of the total.
00:43 That means we only need to remain at 7% until we reach 80%.
00:49 This figure is important because after we reach 80%,
00:52 the government will announce that a new entity can be established.
00:59 And the entity that we will witness at that time is
01:06 a number of MNOs will remain with DNB as Entity A,
01:12 while a number of other MNOs will start operating
01:17 and building the second 5G network under Entity B.
01:22 This process will take some time and there is a process.
01:29 But the important thing for Malaysians who use 5G services at this time
01:35 is that we have ensured that the service will not be disrupted
01:41 during the process, either by completing 80% of the quota
01:45 or when Entity B is established and the second network is built.
01:51 And the second thing that has been agreed upon by all CEOs and MNOs is
01:57 that the charge for 5G will not increase with the existence of the second network.
02:06 And it is a no-worse-off condition.
02:10 That means the price for 5G will not increase.
02:15 Entity B or Entity B will be established after we reach 80% of the quota.
02:21 And at that time, MNOs will make their own considerations,
02:28 discuss and reach a decision on which MNO is ready to go to Entity B.
02:38 But at the same time, MCMC will act as the control party
02:45 to ensure that both Entity B and Entity B will be competitive.
02:52 The benefit will ultimately be for the people.
02:56 That is what we want with the implementation of the basic alternative to the network.
03:03 Thank you.
03:04 [BLANK_AUDIO]