MoF Inc special purpose vehicle to roll out 5G


PETALING JAYA: The Ministry of Finance Incorporated (MoF Inc) through a special purpose vehicle (SPV) will be issued a licence to roll out 5G network infrastructure in the country, said Malaysian Communications & Multimedia Commission chairman Dr Fadhlullah Suhaimi Abdul Malek.

There will be no change in ownership of the SPV for ten years after the award. There will also be no auction process for the 5G spectrum allocation, he told a media briefing today.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

MoF Inc , 5G spectrum , MCMC

   

Next In Business News

Aeon Credit 3Q net profit eases to RM62.07mil
Bilateral trade between Malaysia, South Korea hits RM100.6bil as of November
MRCB confirms withdrawal from KL-SG HSR consortium
Uzma secures RM44.15mil solar PV plant project in Kedah
United Malacca's net profit more than doubles to RM30.9mil in 2Q25
Lotus Circular to acquire Earthwise Resources, Expert Resource for RM100mil
Ringgit continues to extend loss on Fed’s hawkish turn
Poh Huat warns of uncertainties due to US dollar volatility
MoF: 22,000 scam cases totalling RM147mil in losses reported to NSRC as at Sept 2024
MyNews expects sales growth with the expansion of its store network.

Others Also Read