U Mobile to reduce foreign majority shareholdings to 20%

Low-paid, part-time staffer at online firm called ‘idiot’ and ‘bumpkin’ by fellow staff becomes embroiled in legal dispute over employment.

KUALA LUMPUR: U Mobile Sdn Bhd, which has been selected to implement the country’s second 5G network, will reduce its foreign majority shareholding to 20 per cent to ensure greater Malaysian control and invite participation from local investors.

"With a proven track record spanning more than 17 years, U Mobile is well-positioned for the second 5G network rollout. Yesterday, the Malaysian Communications and Multimedia Commission announced the selection of U Mobile after conducting a detailed technical and commercial evaluation.

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