{"id":32363,"date":"2025-01-17T02:49:35","date_gmt":"2025-01-17T02:49:35","guid":{"rendered":"https:\/\/peraltafinancing.com\/5g-technology\/u-mobile-gets-financing-for-malaysias-second-5g-network\/"},"modified":"2025-01-17T02:49:35","modified_gmt":"2025-01-17T02:49:35","slug":"u-mobile-gets-financing-for-malaysias-second-5g-network","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=32363","title":{"rendered":"U Mobile gets financing for Malaysia\u2019s second 5G network"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<h2 class=\"wp-block-heading\">U Mobile received approval from the Malaysian Communications and Multimedia Commission last November to operate as the country\u2019s second 5G provider<\/h2>\n<p>Malaysian operator <a href=\"https:\/\/www.u.com.my\/en\/personal\/home\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.u.com.my\/en\/personal\/home\" rel=\"noreferrer noopener\">U Mobile<\/a> has signed a Memorandum of Understanding (MoU) with local bank CIMB Bank Berhad (CIMB) with the aim of extending financing support for its upcoming 5G network rollout.<\/p>\n<p>\u201cU Mobile is delighted with the strategic partnership with CIMB for our 5G network rollout. CIMB is our long-standing financing partner and shares our commitment to drive innovation and growth within the country\u2019s economy via 5G, in line with government\u2019s goal of achieving high income nation status with focus on digitalization. We believe CIMB\u2019s financial backing will further strengthen U Mobile\u2019s ability to ensure a rapid and cost efficient second 5G network rollout that will bring benefits to enterprises, consumers and the public sector,\u201d said U Mobile\u2019s CEO, Wong Heang Tuck.<\/p>\n<p>Chu Kok Wei, CEO of Group Wholesale Banking, CIMB Group said: \u201cIn line with our shared goal of nation building, CIMB is pleased to support U Mobile in its efforts to connect Malaysians and spur digital innovation through the power of 5G.\u201d<\/p>\n<p>U Mobile received approval from the Malaysian Communications and Multimedia Commission (MCMC) last November <a href=\"https:\/\/www.rcrwireless.com\/20241104\/featured\/u-mobile-5g-network\" target=\"_blank\" rel=\"noreferrer noopener\">to operate as the country\u2019s second 5G provider.<\/a><\/p>\n<p>In May 2023, Malaysian authorities said that the country would shift to a dual 5G network once state-run 5G network Digital Nasional Berhad (DNB) achieved 80% coverage in populated areas, something that occurred in December 2023.<\/p>\n<p>The government of Malaysia has recently revoked a previous ministerial direction of 2021, which had designated DNB as the sole entity responsible for Malaysia\u2019s 5G deployment.<\/p>\n<p>DNB was set up by the Malaysian government in 2021 as a special purpose vehicle to develop the country\u2019s 5G network infrastructure, which private telecommunications firms are currently using to offer 5G services to their customers. DNB\u2019s 5G network was deployed by Ericsson.<\/p>\n<p>Under the ministerial direction, DNB was to operate as a neutral, Ministry of Finance-owned entity tasked with deploying 5G infrastructure and offering wholesale services nationwide. However, the revocation of this directive signals the government\u2019s intent to transition to a dual-network model.<\/p>\n<p>A recent report suggested that <a href=\"https:\/\/www.rcrwireless.com\/20250114\/featured\/u-mobile-7000-5g-sites\" target=\"_blank\" rel=\"noreferrer noopener\">U Mobile is getting ready to deploy between 5,000 and 7,000 5G sites nationwide<\/a> as the telco assumes the role of Malaysia\u2019s second 5G operator. The report noted that the company is expected to collaborate with other operators to facilitate this rollout.<\/p>\n<p>Although U Mobile has yet to officially announce its 5G deployment strategy, the report, suggests that the operator plans to enhance existing 4G infrastructure and deploy new 5G sites to implement Malaysia\u2019s second 5G network.<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>U Mobile received approval from the Malaysian Communications and Multimedia Commission last November to operate as the country\u2019s second 5G provider Malaysian operator U Mobile has signed a Memorandum of Understanding (MoU) with local bank CIMB Bank Berhad (CIMB) with the aim of extending financing support for its upcoming 5G network rollout. \u201cU Mobile is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":32364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12020],"tags":[21701,21702,10039,9809],"dealstore":[],"offerexpiration":[],"class_list":["post-32363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5g-technology","tag-financing","tag-malaysias","tag-mobile","tag-network"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - 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