20-04-2024, 12:29 PM
There are also deepening financial concerns at DNB.
DNB has borrowed RM2 billion from the local banking system to fund the roll-out of 5G infrastructure, together with other financing arrangements. But the government guarantee for the company expires in December 2024, according DNB officials.
DNB officials are pressuring the Anwar administration to break out of its policy inertia over the 5G roll-out because the company could face a cash crunch in the coming months without a fresh injection of funds from the government.
“Unless merger with the MNOs is resolved soon, DNB will need an extension on the government guarantee,” noted the Finance Ministry official, who has received feedback from the 5G operator that “bankers are getting nervous”.
https://www.channelnewsasia.com/asia/mal...ad-4271661
DNB has borrowed RM2 billion from the local banking system to fund the roll-out of 5G infrastructure, together with other financing arrangements. But the government guarantee for the company expires in December 2024, according DNB officials.
DNB officials are pressuring the Anwar administration to break out of its policy inertia over the 5G roll-out because the company could face a cash crunch in the coming months without a fresh injection of funds from the government.
“Unless merger with the MNOs is resolved soon, DNB will need an extension on the government guarantee,” noted the Finance Ministry official, who has received feedback from the 5G operator that “bankers are getting nervous”.
https://www.channelnewsasia.com/asia/mal...ad-4271661