U Mobile, a major telecommunications company in Malaysia, has announced that it will reduce its foreign shareholding to just 20%.
This decision is in line with Malaysia's national objectives, giving local investors more control over the company.
U Mobile is well regarded for its innovative services and has won numerous awards, including recognition by Frost & Sullivan six times as the top mobile service provider in the country.
Known as one of the fastest internet networks in Malaysia, U Mobile with 17 years of experience is ready to implement Malaysia's second 5G network.
U Mobile customers now use more 5G data than customers of any other provider, showcasing its popularity.
The company was selected for the 5G launch by the Malaysian Communications and Multimedia Commission (SKMM) after a thorough review of its technical and business capabilities.
U Mobile hopes to partner with various industry players such as CelcomDigi and Telekom Malaysia, along with global technology leaders such as Huawei.
They also work with Digital Nasional Bhd to ensure customers get the best 5G experience.
This step emphasizes U Mobile's commitment to improve connectivity and support Malaysia's technological growth.
