Govt to announce plan for equity sale in 5G agency next week

Malaysia is expected to announce a plan for the sale of a 70 percent equity stake in the state-run 5G agency to six companies by next week, Communications and Multimedia Minister Annuar Musa said on Thursday.

The government had aimed to wrap up discussions on the stake sale in Digital Nasional Berhad by the end of June.

Reuters had reported last month that Malaysia's four largest telecommunications firms had sought a majority stake, countering a government proposal to offer them minority ownership.