Malaysian Telcos to take up 70% stake in DNB. Our Thoughts.
Last Friday, all five Malaysian telcos have inked the share subscription agreement to inject RM233m (USD 49.9m) to take up a 14% stake each in Digital Nasional Berhad ("DNB"), Malaysia's 5G wholesale network supplier.
Maxis is engaged as a communications service provider. Co. operates in three segments: mobile services, which comprises postpaid mobile, prepaid mobile, mobile data, broadband and roaming services; fixed line services, which comprises a range of voice services, data services, Very Small Aperture Terminal services and Internet Protocol and managed services to consumer and business customers; and international gateway services, which comprises services to international telecommunications carriers for termination of traffic into Malaysia, services to send Co.'s own international traffic abroad and bandwidth leasing services. As of Dec 31 2010, Co. had 13,954,000 mobile subscriptions.
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