GOMSPV to spearhead provision of 5G infrastructure - Saifuddin
Bernama
February 22, 2021 21:39 MYT
February 22, 2021 21:39 MYT
Saifuddin said the model would also allow telcos to save on capital expenditure and avoid infrastructure duplication if they built them on their own.
PUTRAJAYA: The provision of 5G infrastructure in the country will be led by a government-owned entity or Government of Malaysia Special Purpose Vehicle (GOMSPV) regulated by the Malaysian Communications and Multimedia Commission (MCMC). Communications and Multimedia Minister Datuk Saifuddin Abdullah.
In a statement today, Communications and Multimedia Minister, Datuk Saifuddin Abdullah said the provision and management of 5G infrastructure by GOMSPV involving an investment of RM15 billion over a period of 10 years would enable the distribution of 5G capacity to telecommunications companies (telcos) in a fair and transparent manner.
He said the model would also allow telcos to save on capital expenditure and avoid infrastructure duplication if they built them on their own.
"The effect of the savings and organised implementation will be enjoyed by consumers in the form of more affordable 5G services," he said.
According to him, the infrastructure sharing model under GOMSPV will enable telcos to provide wider 5G coverage at competitive costs to consumers, while generating higher returns.