Ministry of Finance Has Announced Newly Appointed CEO for 5G DNB

Written by on 02-03-2021

Two weeks ago, Prime Minister Muhyiddin Yassin revealed the deployment date for 5G this year-end during the MyDigital launch, though its official date was initially at the end of 2022 or early 2023 after phase 1 of Jalinan Digital Negara (JENDELA) is completed. The 5G will be handled by a single government entity, which is a special purpose vehicle (SPV), will be tasked to roll out 5G nationwide, the government will be investing RM15 billion into this 5G infrastructure for 10 years.

The SPV is fully owned by the Ministry of Finance (MoF), under Malaysian Communications and Multimedia Commission (MCMC) supervision, the single entity will be given the responsibility to distribute the 5G to the respective telcos, making 5G services much more affordable to the general public.

Today’s announcement from the MoF, revealing the new SPV will be called Digital Nasional Berhad (DNB), and Augustus Ralph Marshall (former top executive from Astro and Maxis) will be appointed as the CEO for DNB, following by Dato’ Asri Hamidon (Secretary-General of the Treasury at the MoF) will be the chairman of the board, and Dr Yusof Ismail (Director-General of MAMPU), Mohamad Sharil Tarmizi (former Chairmen of MCMC) and Muthanna Abdullah (local corporate & legal figure) will be part of the DNB’s board of directors.

Finance Minister Tengku Zafrul said launching the 5G network is important to drive national growth, ensuring socio-economic progress, and will be accessible to all Malaysian. The government is hoping to work closely with the telco private sectors, delivering their 5G services without worrying about the burden of investment.