No decision yet on telcos' proposal for majority stake in DNB - Annuar

KUALA LUMPUR: The government has not made a decision on the proposal by Malaysia's four largest telecommunications companies (telcos) which are seeking a majority stake (51 per cent) in the state 5G agency Digital Nasional Berhad (DNB), said Communications and Multimedia Minister Tan Sri Annuar Musa.

He said the matter will be discussed with Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz and the government will respond on the request made by the telcos as soon as possible.

"When we made the offer, we have thought over many times what we should do. We want the industry to grow and we must create a level playing field, it cannot be the rule of the jungle, survival of the fittest.

"We must make sure the industry grows and in order for it to grow, we must give a fair chance to everyone... Now, certain telcos want to merge, it is okay- it is their business decision," he said at the press conference after the 'Yes 5G for All' launch event here today.

He said this in response to a news article regarding the proposal made by four Malaysian telecommunications companies.