Maxis ready to complete DNB share acquisition

KUALA LUMPUR: Maxis Bhd says it is ready to complete the Digital Nasional Bhd (DNB) share subscription agreement (SSA) process and sign the shareholders agreement with DNB. 

In a statement today, Maxis said this puts the group firmly on track to an early completion of its SSA process.

Maxis also said it is poised to participate in the rollout of the second 5G network, well ahead of the timeline announced by Communications Minister Fahmi Fadzil on June 2.

Chief executive officer Goh Seow Eng said Maxis wants to see an early conclusion to the SSA as it will provide greater certainty to 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 immediately to accelerate the nation's 5G plan and bring its economic benefits to Malaysians at a faster pace," he noted. 

Maxis also said it wholeheartedly supports and is fully committed to a swift implementation of the government's dual 5G network model. 

The group added that it looks forward to playing a major role in advancing Malaysia's digital agenda as an active and key participant in the upcoming phase of the nation's 5G rollout. 

This includes promoting 5G and 5G-advanced (5.5G) adoption and innovation among consumers, businesses and the government sector.

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