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Maxis ready to finalise share subscription agreement for dual 5G network

7 Jun 2024, 12:16 PM
Maxis ready to finalise share subscription agreement for dual 5G network

KUALA LUMPUR, June 7 — Maxis Bhd said it is ready to finalise the Digital Nasional Bhd (DNB) share subscription agreement (SSA), and to sign the shareholders’ agreement with DNB for the rollout of a second 5G network.

This positions Maxis to complete its SSA process early and participate in the rollout of the second 5G network ahead of the timeline announced by Communication Minister Fahmi Fadzil on Sunday.

“Maxis wholeheartedly supports and is fully committed to a swift implementation of the government’s dual 5G network model,” it said in a statement today.

The telco said it looks forward to playing a major role in advancing Malaysia’s digital agenda as a key participant in the upcoming phase of the nation’s 5G rollout, including promoting 5G and 5G-advanced adoption and innovation among consumers, businesses and the government sector.

Maxis chief executive officer Goh Seow Eng said the telco wants to see an early conclusion to the SSA process as it will provide greater certainty for the nation’s dual 5G network rollout.

“Completing the SSA process is a pragmatic and necessary step to commence the transition to a dual 5G network.

“Maxis is fully prepared to start building the second 5G network to accelerate the nation’s 5G plan and bring its economic benefits to Malaysians at a faster pace,” he said.

— Bernama

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