Big news on the Malaysian telecommunications front! U Mobile is making a major push to accelerate the deployment of its advanced 5G network across the country. To support this significant undertaking, the company has successfully arranged substantial financing.
This crucial funding package involves a strategic partnership with CIMB Bank. The reported value of this financing deal is approximately RM4 billion.
This substantial investment underscores U Mobile‘s strong commitment to building the necessary infrastructure and technology to deliver widespread and high-speed 5G services to users throughout Malaysia. Partnering with CIMB for this large-scale financing is a key move designed to ensure they have the capital required to roll out robust 5G connectivity nationwide. This development marks a vital step in enhancing the digital landscape and bringing next-generation mobile capabilities to more people across the nation.
Source: https://www.datacenterdynamics.com/en/news/u-mobile-picks-cimb-to-drive-940m-financing-for-5g-network-in-malaysia/
