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U Mobile to reduce foreign majority shareholdings to 20%

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U Mobile to Reduce Foreign Shareholding, Invite Local Investors in 5G Network

Commitment to National Agenda

Kuala Lumpur, Malaysia: U Mobile Sdn Bhd, the country’s second 5G network provider, has announced its intention to reduce its foreign majority shareholding to 20% to ensure greater Malaysian control and invite participation from local investors. This move is aligned with the company’s commitment to the national agenda.

Proven Track Record

With a proven track record spanning over 17 years, U Mobile is well-positioned for the second 5G network rollout. The company’s dedication to accessible and innovative services has earned it numerous accolades, including being named "Malaysia Mobile Services Company of the Year" by Frost & Sullivan six times. U Mobile has also been recognized for offering the fastest overall internet speeds in Malaysia.

Leading the Way in 5G Adoption

Currently, U Mobile subscribers consume the most 5G capacity in the country compared to other service providers. This is a testament to the company’s commitment to offering its customers the latest technology and innovative services.

Partnerships and Collaborations

U Mobile is excited to collaborate with various stakeholders, including the Malaysian Communications and Multimedia Commission (MCMC), other telecommunications companies such as CelcomDigi and Telekom Malaysia, and leading global technology providers like Huawei. The company will also be working with Digital Nasional Bhd to ensure consumers continue to enjoy the best 5G experience.

Looking Ahead

The company’s vision is to deliver world-class 5G advanced services to consumers, and it is committed to working with its partners to make this vision a reality. With its strong track record and commitment to innovation, U Mobile is poised to make a significant impact in the 5G market.

Frequently Asked Questions

Q: What is U Mobile’s plan for reducing foreign shareholding?
A: U Mobile plans to reduce its foreign majority shareholding to 20% to ensure greater Malaysian control and invite participation from local investors.

Q: What is U Mobile’s commitment to the national agenda?
A: U Mobile’s commitment to the national agenda involves working with various stakeholders to deliver world-class 5G advanced services to consumers.

Q: What is U Mobile’s track record in the telecommunications industry?
A: U Mobile has a proven track record spanning over 17 years, with numerous accolades and recognitions, including being named "Malaysia Mobile Services Company of the Year" by Frost & Sullivan six times.

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