DNB hits key milestone in agreements with Malaysian mobile network operators

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The story "DNB hits key milestone in agreements with Malaysian mobile network operators" was covered 1 weeks ago by Digital News Asia, a news publisher based in Malaysia.

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DNB hits key milestone in agreements with Malaysian mobile network operators - Digital News Asia

Quick Summary:

Terms precedent under Share Subscription Agreements successfully met

TM given until 21 Aug to seek shareholders’ nod, following its governance Digital Nasional Bhd (DNB) has announce an important milestone with respect to the Share Subscription Agreements (SSA) with four mobile network operators (MNO) in Malaysia, namely CelcomDigi Bhd through Infranation Sdn Bhd, Maxis Broadband Sdn Bhd, U Mobile Sdn Bhd and YTL Communications Sdn Bhd through YTL Power International Bhd.

According to DNB, with this crucial step completed, the SSAs are poised for completion by the end of June 2024 for all the MNOs, apart from Telekom Malaysia Bhd (TM), to increase their equity stake in DNB.