New DNB CEO to be announced after finalising signing agreement

PETALING JAYA – The new chief executive officer (CEO) of Digital Nasional Bhd (DNB) is expected to be announced after the share subscription agreement signing is finalised. 

Communications and Digital Minister Fahmi Fadzil said Treasury secretary-general Datuk Johan Mahmood Merican and Communication and Digital secretary-general Datuk Mohamad Fauzi Md Isa who co-chaired the 5G task force meeting will oversee the final aspects before the signing is carried out.

“I have notified all the CEOs of mobile network operators (MNOs) about finalising the share subscription agreement signing, hopefully within next week if everything goes well.

“We will also inform the media when the signing will take place after all MNOs that participated in the meeting have taken up their equity…I think perhaps either during or just after the signing (we will announce the CEO), hopefully,” he said during a press conference after the launching of Malaysia Digital Expo (MDX 2023), here today. 

Fahmi had earlier been reported as saying that all telecommunication companies had agreed to sign the access agreement to provide 5G service but the matter of share ownership in DNB had yet to be announced.

On July 21, Fahmi said CelcomDigi, Maxis, Telekom Malaysia (TM), U Mobile and YTL Communications would finalise talks on equity holdings in DNB soon.

This would further support the development of the 5G network until coverage reached 80 per cent of populated areas by the end of this year. – BERNAMA