Malaysian Communications and multimedia minister Annuar Musa said discussions on taking stakes in Digital Nasional Bhd (DNB) are progressing well and are set to meet the deadline, with the six telcos signing the deals on Aug 31.
He said the Malaysian Communications and Multimedia Commission (MCMC) would be chairing a meeting on Aug 29 to decide on a few terms.
He also had a meeting with finance minister Tengku Zafrul Aziz yesterday on the restructuring exercise to pave the way for all six telcos to take up the 70% stake in DNB.
“I had the discussion with the finance minister as he was responsible for DNB before it was transferred to my ministry,” he added.
Earlier, Celcom Axiata Bhd CEO Isham Nawawi said the telco had consolidated more than 1,000 sites under its 5G initiative.
It has 39 partners to support its 5G rollout, of which 24 are local companies.
On another matter, Annuar said the Cabinet yesterday agreed that the existing Communications and Multimedia Act 1998 (Act 588) and the Malaysian Communications and Multimedia Commission Act 1998 (Act 589) be amended to provide stronger legal provisions to face cybersecurity threats.
“Hopefully, in the next Parliament sitting, we can table the amendments for both acts.”
Annuar said the amendments are crucial as the country’s telecommunication ecosystem is facing threats of online fraud and hacking by irresponsible individuals.