The Ministry of Digital clarified that the RM16.5 billion cost for Digital Nasional Bhd (DNB) to develop and maintain the first 5G network for 10 years does not involve government funding. Instead, DNB received an equity injection of RM500 million and a shareholder loan of RM450 million.
: The Ministry of Digital today clarified that the RM16.5 billion cost for Digital Nasional Bhd to develop and maintain the first 5G network for 10 years does not involve government funding.
“Apart from that, DNB’s expenditure is funded through private loans, including bank loans guaranteed by the government and other financial sources,” he said. “The amount of RM950 million, which is RM500 million equity injection and RM450 million shareholder loan, as well as government-guaranteed bank loans, will be taken over and repaid by the telecommunication companies to the government as part of the transition process to the country’s dual 5G network model,” he said.
He also stated that his ministry has called up relevant parties within DNB to provide a full explanation regarding the matter.
DIGITAL NASIONAL BHD 5G NETWORK MALAYSIA GOVERNMENT FUNDING TECHNOLOGY
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