PETALING JAYA, 4 May 2023 – CelcomDigi Berhad (CelcomDigi) welcomes the Government’s decision to implement 5G under two networks once 80% 5G coverage of populated areas (CoPA) has been achieved by Digital Nasional Berhad (“DNB”).
Following the Government’s announcement on May 3, 2023, CelcomDigi also disclosed to shareholders via a statement to Bursa Malaysia that both Digi Telecommunications Sdn Bhd (“Digitel”) and Celcom Mobile Sdn Bhd, (“Celcom Mobile”) have terminated previous respective Share Subscription Agreements (“SSA”) signed in November 2022 with DNB, effective 3 May 2023. As per the Government’s announcement, the earlier process to subscribe to Equity in DNB through the respective SSA is rendered void. The termination of the respective SSA will clear the path for CelcomDigi to participate in any new process, including Equity participation, together with the industry.
This does not have any impact to our 5G services. CelcomDigi customers currently on 5G connections may continue to enjoy the service, according to ongoing product offers.
CelcomDigi welcomes the opportunity to play a more active and direct role in the country’s 5G implementation, leveraging on our experience and resources, existing widest 4G network, and supply chain and partner ecosystem to support the Government’s 5G ambitions, as we bring the best 5G solutions and offerings to Malaysian consumers and businesses.