U Mobile's founder Vincent Tan expressed confidence that the company can launch its own 5G network without relying on government funding or new local partnerships. He revealed plans for a rollout within 15 to 18 months and an aim to go public on Bursa Malaysia by the end of this year. While some analysts predict challenges due to U Mobile's size and financial standing, Tan stated that the company has secured sufficient loans and plans to collaborate with Chinese telecom suppliers like Huawei and ZTE for 5G equipment and financing. U Mobile aims to leverage its existing network of over 10,000 sites and 95% population coverage to become the nation's second 5G network provider.
, the tycoon who has established Digi and U Mobile , has expressed confidence that U Mobile is able to roll out its own 5G network without the need of government funding or new local partners.
and would have to consider a merger. The report from HLIB said the deployment would be an uphill task considering the size and financials of U Mobile. Among the big three contenders for the second 5G network, U Mobile is the smallest in terms of the number of subscribers and network sites. When asked about potential collaborations, the tycoon ruled out new local partners and they would look for partnerships with Chinese telco suppliers which include Huawei and ZTE.
The tycoon was reportedly tight-lipped about the required CAPEX to carry out the 5G deployment as well as the target amount he expects to raise from the upcoming initial public offering .as the second 5G network. Despite being a younger player, he said the orange telco has over 10,000 network sites and achieved over 95% population coverage. He shared that U Mobile recorded a revenue of RM3.5 billion in 2023 and its total assets stood at RM6.2 billion.
5G U Mobile Vincent Tan Huawei ZTE Deployment IPO Telecoms
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