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Digital Nasional Berhad (DNB), the country's sole 5G network provider, has begun a restructuring process by updating their business and financing plans through aggressive cost and operational optimization.
In a written reply to Datuk Wan Saifulruddin Bin Wan Jan (Tasek Gelugor) who asked about the return of money to the government regarding the initial investment in the company, Digital Minister Gobind Singh Deo said that DNB is in the process of restructuring, and the initial investment money will be returned later.
Currently, the government owns 34.9 percent of the equity stake in DNB, including the special shareholding. In this restructuring process, the loan funds provided by the government will be returned, and the government's holding in DNB will also be distributed to other shareholders.
After these loan funds are returned, and the shares change hands, and when U Mobile also releases their holding in DNB, only then can the development of this second 5G network begin. When it will happen has not been announced yet.