They are CelcomDigi Bhd through Infranation Sdn Bhd, Maxis Broadband Sdn Bhd, U Mobile Sdn Bhd and YTL Communications Sdn Bhd through YTL Power International Bhd, said DNB in a statement.

It said under the terms of the SSAs, the four MNOs collectively acquired approximately a 65.1% equity stake in DNB, with each MNO holding approximately a 16.3% stake.

“The Malaysian government, represented by the Minister of Finance (Incorporated) (MoF), retains approximately a 34.9% stake and a special share in DNB for a designated period.

“This follows the satisfaction of the conditions precedent under the SSAs on June 20, for all four MNOs to increase their equity stake in DNB,” said DNB.

For Telekom Malaysia Bhd (TM), the conditions precedent longstop date is Aug 21.

DNB said assuming that TM completes the SSA, MoF’s stake will reduce to 30%, with the MNOs collectively holding a 70% stake in DNB.

On Dec 1, last year, DNB and MoF entered into SSAs with five MNOs, thereby enabling the MNOs’ participation in DNB through equity ownership.

DNB said it remains focussed on delivering a world-class 5G network and driving 5G adoption nationwide to realise Malaysia’s digital aspirations.