Fitch negative on Malaysia's state-led 5G rollout, cites corruption

Putrajaya’s decision to allocate 5G spectrums through a special purpose vehicle (SPV) instead of directly tendering them to private operators is being viewed as a risk to the market.

Fitch Solutions, the research arm of Fitch Group, said the potential lack of transparency with the SPV will affect the speed of the rollout, on top of concerns about higher costs.