U Mobile to reduce foreign majority shareholdings to 20%

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KUALA LUMPUR: U Mobile Sdn Bhd, which has been selected to implement the country’s second 5G network, will reduce its foreign majority shareholding to 20 per cent to ensure greater Malaysian control and invite participation from local investors.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Network 5G /Business/Business News U Mobile Telco Shareholding

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-02 @ 12:16:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 244 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23368079

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 27 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 2 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

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