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MCMC to decide on DNB deal on August 29

MCMC to decide on DNB deal on August 29

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Communications and Multimedia Minister Annuar Musa says there are ongoing processes but things are progressing very well and have met all the deadlines. – The Malaysian Insight file pic, August 27, 2022.

COMMUNICATIONS and Multimedia Minister Annuar Musa said discussions on Digital Nasional Bhd’s (DNB) stake deals are progressing well and are set to meet the deadline when the signing by six telcos will be held on August 31.

He said the Malaysian Communications and Multimedia Commission (MCMC) will chair a meeting on August 29 to decide on a few terms.

“I know what MCMC is going to decide and it’s good for everybody and I’m sure all parties can accept it,” he said in Petaling Jaya today.

Annuar said he met parties from the MCMC and DNB yesterday on the development of both sides.

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“Of course, there are ongoing processes and I’m happy to inform that things are progressing very well and have met all the deadlines.

“Then between DNB and the telcos, there will certainly be discussions especially regarding assets and pricing involving MCMC as the regulator,” he said.

He also had a meeting with Finance Minister Tengku Zafrul Abdul Aziz on Friday on the restructuring to pave the way for the six telcos to share a 70% stake in DNB.

“I discussed with the Finance Minister who was responsible for DNB before it was transferred to the Communications and Multimedia Ministry,” he added. – Bernama, August 27, 2022.


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