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TM, DNB sign agreement relating to RM2b deal on 5G service

TM, DNB sign agreement relating to RM2b deal on 5G service
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KUALA LUMPUR (April 14): Telekom Malaysia Bhd (TM) said it signed an agreement with Digital Nasional Bhd (DNB) on Thursday relating to their RM2 billion deal on 5G service.

The service agreement follows the term sheet signed by the two parties on Dec 16 last year.

The agreement sets out the agreed terms and conditions for the services in accordance with the 10-year contract period, said TM in a filing with Bursa Malaysia.

"It is effective from Aug 28, 2021 and remains valid until the expiry of the 10 years' service term of the last commissioned cell site unless earlier terminated by the parties," the group said.

Under the deal between the two parties, DNB will subscribe to 5G RAN-to-Edge Fronthaul and Backhaul as a single end-to-end solution for the provision of fibre connectivity that will enable the company to provide 5G service to its customers.

Shares in TM ended six sen or 1.23% higher at RM4.94 on Thursday, valuing the group at RM18.64 billion.

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TM inks RM2 bil term sheet to provide fibre leasing service to DNB for 5G rollout

 

S Kanagaraju