Fahmi: MCMC can ensure U Mobile 5G contract won’t unbalance telco ‘ecosystem’ Posted on 08/11/2024 PUTRAJAYA, Nov 8 — The Malaysian Communications and Multimedia Commission (MCMC) can set conditions to prevent an imbalance in the ecosystem as the nation develops its second 5G network, Communications Minister Fahmi Fadzil said. This statement follows telecommunications provider U Mobile’s announcement of its readiness to collaborate with strategic partners in building the network. “We can learn from what happened with CelcomDigi in the past, including the disposal of its subsidiary Yoodo and the return of spectrum,” Fahmi said. The minister noted that MCMC has the authority to impose measures to prevent an imbalance, though he emphasised that it is still too early to specify what conditions might be applied. Fahmi also stated that the MCMC’s decision to select U Mobile for the development of the second 5G network was made unanimously by the commission members. “A large portion of MCMC’s assessment was carried out independently, with financial and technical evaluations conducted by an independent team,” he assured, adding that the administration was not involved. MCMC evaluated U Mobile’s business plan, technical proposals for network development, consumer satisfaction metrics, and its track record in completing previous MCMC projects. Fahmi emphasised that this arrangement is neither a contract nor a licence, and no public funds are involved. He also explained that U Mobile qualified as one of the few companies meeting the criteria for developing the second 5G network. “To qualify, a company must have a comprehensive shareholding agreement, shares in Digital Nasional Berhad (DNB), and only three companies meet these conditions: CelcomDigi, Maxis, and U Mobile,” he said. CelcomDigi has 18,000 towers, Maxis has 12,000, and U Mobile has 10,000. U Mobile was selected to implement the second 5G network in Malaysia on November 1 this year. News
PM Anwar: KWAP’s wakaf land project to boost elderly welfare Posted on 30/11/2024 JOHOR BARU, Nov 30 — The Retirement Fund Incorporated (KWAP) is working with stakeholders to identify potential land for its Wakaf Land Development initiative, Prime Minister Datuk Seri Anwar Ibrahim announced. He said that the initiative involves various state Islamic religious councils, the Wakaf, Zakat and Haji Department (Jawhar), and… Read More
Najib: Illogical that two Saudi princes would join Jho Low’s criminal conspiracy to give me RM60m; donation was not 1MDB money Posted on 05/12/2024 KUALA LUMPUR, Dec 5 — Former prime minister Datuk Seri Najib Razak today insisted that the RM60 million which entered his personal AmIslamic bank account in 2011 was not stolen from 1Malaysia Development Berhad (1MDB) and channelled through two Saudi princes to him. Najib, 71, said it would not be… Read More
RM12.8bil in unclaimed money awaiting owners Posted on 14/11/2024 Finance minister II Amir Hamzah Azizan told the Dewan Rakyat that the accountant-general’s department has set up 184 booths nationwide to encourage more people to come forward to claim the unclaimed funds. (Bernama pic) PETALING JAYA: The accountant-general’s department holds a total of RM12.8 billion in unclaimed money, the Dewan… Read More