Just hours after the Malaysian government announced a shift from a Single Wholesale Network to a Dual 5G Network approach, CelcomDigi announced that it has terminated its Share Subscription Agreement to take a 25% equity in Digital Nasional Berhad (DNB). Despite not owning a stake in DNB, CelcomDigi has assured that current eligible postpaid and prepaid customers can still enjoy 5G services without interruption.
In a statement issued today, CelcomDigi said, “As per the Government’s announcement, the earlier process to subscribe to Equity in DNB through the respective SSA is rendered void. The termination of the respective SSA will clear the path for CelcomDigi to participate in any new process, including Equity participation, together with the industry.”
CelcomDigi added, “This does not have any impact to our 5G services. CelcomDigi customers currently on 5G connections may continue to enjoy the service, according to ongoing product offers.”
While the Share Subscription Agreement has been terminated, CelcomDigi still has an ongoing 5G access agreement with DNB. Similar to U Mobile, they are able to provide 5G services to consumers without taking an equity stake in DNB.
In case you missed it, CelcomDigi has announced that existing 5G customers can continue to enjoy free 5G access until 31st May 2023. The merged telco had earlier indicated that customers on cheaper plans would have to pay a monthly access fee of RM10/month in order to connect to DNB’s 5G network.
Related reading
- CelcomDigi, Maxis, TM and U Mobile welcome govt’s decision to have two 5G networks
- CelcomDigi terminates equity deal with DNB following Malaysia’s 5G policy change to Dual Networks
- Malaysia to transition to Dual 5G Networks in 2024 after DNB hits 80% population coverage
- Celcom and Digi users can continue to enjoy free 5G access until 31 May
