Donald Trump has reclaimed the White House after a divisive campaign that defied polls and criminal charges. Kamala Harris conceded but vowed to continue her "fight for freedom and dignity." Trump’s win represents a strong shift in voter sentiment, with Americans prioritizing economic and border security concerns. Harris consoled her supporters, calling for resilience while refusing to align with Trump’s vision. Biden plans to address the nation on Thursday. Trump, along with Vice President-elect JD Vance, aims to take office on January 20 with promises of sweeping changes, including firing civil servants he deems disloyal and possibly replacing regulatory heads. He has tapped prominent figures, such as Elon Musk and Robert F. Kennedy Jr., for administration roles. Trump's Electoral College win was bolstered by strong support across at least five battleground states. His victory also secured a Republican majority in both the Senate and House , easing the way for h
The appointment of U Mobile Sdn Bhd to establish Malaysia’s second 5G network adheres to the equity requirements under the network facility provider (NFP) and network service provider (NSP) licences, affirmed Communications Minister Fahmi Fadzil.
Minister Fahmi clarified that under NFP and NSP licences, foreign equity is capped at 49%, and Bumiputera ownership must be at least 30%. U Mobile currently complies with these requirements, with plans to reduce foreign ownership to 20% to ensure stronger local investor control, which aligns with the licence conditions.
On Nov 1, the Malaysian Communications and Multimedia Commission (MCMC) selected U Mobile for Malaysia's second 5G rollout. This decision drew attention, as U Mobile has a smaller subscriber base and less financial strength compared to larger players like Maxis Bhd and CelcomDigi Bhd.
The selection process, Fahmi emphasized, was conducted through a "beauty contest" method by the MCMC, which assessed business and technical plans, complaint records, customer satisfaction, and infrastructure project experience. He confirmed that the MCMC will continue to monitor U Mobile’s progress to ensure full compliance with the Communications and Multimedia Act 1998.
Addressing concerns regarding U Mobile’s foreign investor ties, particularly with Straits Mobile Investments Pte Ltd, linked to Singapore's Temasek Holdings and holding a 48.26% stake, Fahmi reassured that all equity guidelines are being upheld. Furthermore, U Mobile’s representation on the Digital Nasional Bhd (DNB) board does not contradict corporate governance standards, as the previous administration allowed mobile operators, including Maxis, CelcomDigi, and YTL Power International Bhd, to hold a 16.3% stake each in DNB, alongside the Ministry of Finance's 34.88% share.
Fahmi did not comment on potential changes to DNB’s ownership structure following U Mobile’s selection for the 5G network role, leaving future adjustments open-ended as Malaysia advances in its 5G expansion.
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