U Mobile to Reduce Foreign Shareholding to 20%
Committed to Greater Malaysian Control and Local Investor Participation
U Mobile Sdn Bhd, the telecommunications provider selected to implement the country’s second 5G network, has announced its plans to reduce its foreign majority shareholding to 20%. This move is aimed at ensuring greater Malaysian control and inviting participation from local investors.
A 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 has earned numerous accolades, including being named Malaysia Mobile Services Company of the Year by Frost & Sullivan six times. Additionally, U Mobile has been recognized for offering the fastest overall internet speeds in Malaysia.
5G Capabilities
Currently, U Mobile subscribers use the most 5G capacity in the country compared with other service providers. This is a testament to the company’s commitment to providing high-quality services to its customers.
Collaboration and Partnerships
U Mobile is excited to collaborate with various stakeholders, including the Malaysian Communications and Multimedia Commission (MCMC) and other telecommunications companies such as CelcomDigi and Telekom Malaysia, to deliver world-class 5G advanced services to consumers. The company is also proactively engaging with leading global technology providers, including Huawei, and will be working with Digital Nasional Bhd to ensure consumers continue to enjoy the best 5G experience.
Reason Behind the Move
In a statement, U Mobile said that the reduction of foreign shareholding to 20% is aligned with its commitment to the national agenda. The company believes that this move will enable greater Malaysian control and invite participation from local investors.
Conclusion
U Mobile’s decision to reduce its foreign shareholding to 20% is a significant step towards promoting greater Malaysian control and encouraging local investor participation. The company’s commitment to providing high-quality services and its experience in implementing 5G networks make it an ideal partner for the second 5G network rollout.
FAQs
* What is the reason behind U Mobile’s decision to reduce its foreign shareholding to 20%?
The company believes that this move is aligned with its commitment to the national agenda, enabling greater Malaysian control and inviting participation from local investors.
* What is the current 5G capacity of U Mobile subscribers?
U Mobile subscribers currently use the most 5G capacity in the country compared with other service providers.
* What partnerships has U Mobile announced for the second 5G network rollout?
U Mobile has announced partnerships with leading global technology providers, including Huawei, and will be working with Digital Nasional Bhd to ensure consumers continue to enjoy the best 5G experience.
* What are the benefits of U Mobile’s partnership with MCMC and other telecommunications companies?
The partnership will enable U Mobile to deliver world-class 5G advanced services to consumers and promote greater competition in the telecommunications industry.