The Ministry of Finance pointed out that with the implementation of the 5G network by Digital Nasional Bhd (DNB), mobile network operators in the telecommunications industry in Malaysia could save about RM30 billion in costs over the next 10 years.
Finance Minister Tunku Zafrul said in a statement that after implementing the 5g network, mobile network operators would be able to focus on upgrading 4G services and providing innovative and high-value 5G services.
5 MNOs have signed 5G access agreements with DNB
The five Malaysian mobile network operators that signed the access agreement with DNB include – Celcom Axiata Bhd, Digi Telecommunications Sdn Bhd, Telekom Malaysia Bhd (TM), U Mobile Sdn Bhd, and YTL Communications Sdn Bhd (YES)
Tengku Zafrul said that the cost of developing the 5G network over 10 years is RM16.5 billion and will not involve any government financing or guarantee except for the RM500 million injection to start the operation of DNB. Also said they expect to create 750,000 high-skilled job opportunities and a cumulative gross domestic product of RM650 billion by 2030.