This comes after DNB fulfilled the conditions precedent for the share subscription agreement entered into with major mobile network operators CelcomDigi, Maxis, U Mobile, and YTL Communications.

In a statement, Fahmi said he has instructed the Malaysian Communications and Multimedia Commission (MCMC) to begin the process of selecting and appointing mobile network operators to develop the second 5G network.

“The transition to a dual-network 5G model aims to end the monopoly in 5G services, foster healthy competition in the telecommunications sector, and ensure good quality and affordable 5G services for the public,” he said.

The five operators signed a deal last December to acquire a collective 70% equity stake in DNB. Each operator will take a 14% stake in DNB pumping in RM233 million each, or a total of RM1.165 billion, it was reported.

The government, represented by Minister of Finance (Incorporated), will retain a 30% stake and a special share in DNB for a designated period.

Fahmi said the selection process will commence with the release of the Applicant Information Package (AIP) on July 1, ensuring transparency under the law.

According to the MCMC’s website, an AIP is a document given by the regulator for those interested in applying for spectrum assignments, such as 5G.

DNB, which was first tasked with the nationwide rollout of 5G in 2021, has faced scrutiny over its monopoly of the 5G network.

Critics have argued that a single-network model could stifle competition and innovation, while proponents have highlighted its potential for coordinated and efficient deployment.

Last May, Putrajaya agreed to a second 5G service provider, with the shift to a dual network to commence in Phase 2 of the network’s roll-out.

This was contingent on DNB reaching 80% coverage in populated areas, a target achieved last December. As of March this year, DNB’s 5G coverage stood at 80.3%.