Latest news with #NextGen5G
New Straits Times
11-06-2025
- Business
- New Straits Times
U Mobile, OCK ink MoU for nationwide next Gen 5G rollout
KUALA LUMPUR: U Mobile has signed a memorandum of understanding (MoU) with OCK Group Bhd's subsidiary, OCK Telco Infra Sdn Bhd, for its nationwide Next Gen 5G rollout. In a statement today, U Mobile said OCK will become one of U Mobile's preferred 5G In-Building Coverage (IBC) infrastructure partners for the rollout. It said this collaboration represents another critical milestone in U Mobile's Next Gen 5G network deployment, especially in delivering a superior 5G performance in high-traffic indoor environments. U Mobile chief technology officer Woon Ooi Yuen said as Malaysia's Next Gen 5G network provider, the company is committed to empowering consumers and enterprises through reliable, ultra-fast connectivity. Woon said this partnership with OCK further enhances our ability to deliver that promise, especially in indoor and high-density environments. "OCK will also serve as a key enabler in supporting our goal of achieving 80 per cent coverage of populated areas (CoPA) by July 2026, while laying the foundation for broader 5G innovation and adoption," he said. With OCK's experience and capabilities in deploying telco infrastructure, U Mobile aims to accelerate its 5G IBC deployment with customised solutions tailored to the unique needs of each site. The partnership will prioritise reliable, high-performance indoor 5G connectivity that supports ultra-fast speeds, low latency, and seamless user experiences. Both parties also aim to deliver a fast and cost-effective deployment through a commercially competitive arrangement. "As part of the MOU, U Mobile and OCK will also jointly explore next-generation IBC innovations, including solutions that integrate technologies such as Artificial Intelligence (AI), Internet of Things (IoT), smart cities, and autonomous systems, laying the groundwork for future-ready digital environments," it added.
The Sun
01-06-2025
- Business
- The Sun
U Mobile appoints CIMB as coordinator, lead arranger of up to RM4b financing for 5G rollout
PETALING JAYA: U Mobile has appointed CIMB as the company's loan coordinator and mandated lead arranger to facilitate and arrange financing of up to RM4 billion to support the nationwide deployment of its cutting-edge 5G network infrastructure. As part of the arrangement, CIMB intends to participate in the financing of at least RM1.5 billion with the balance to be syndicated among other financial institutions. The appointment was formalised at a signing ceremony in Kuala Lumpur on Friday. The financing will fund U Mobile's capital expenditure (capex) to accelerate the rollout of its Next Gen 5G network, which aims to achieve 80% coverage of populated areas by July 2026. The agreement was signed by U Mobile CEO Wong Heang Tuck and CIMB Group CEO of wholesale banking Chu Kok Wei, witnessed by U Mobile chief financial officer Sandy Tsang and CIMB head of corporate and public sector coverage Denise Wong. 'U Mobile is pleased to deepen our partnership with CIMB through this significant arrangement. CIMB shares our commitment to driving Malaysia's digital economy forward through connectivity and innovation,' Heang Tuck said in a statement. 'Partnering with a strong financial institution like CIMB demonstrates our ability in executing our capex programme efficiently. Their confidence in our financial discipline and growth trajectory reinforces our ability to deliver an enterprise-grade 5G network that is fast, scalable, and impactful for both businesses and consumers,' he added. Chu said, 'CIMB is pleased to partner with U Mobile on this strategic initiative to accelerate 5G coverage across Malaysia. This next-generation network will be a key catalyst not only in boosting social connectivity and economic inclusion across Malaysia, but positions Malaysia as a key enabler of Asean's digital economy. 'As a key financial institution in Malaysia and the region, we are grateful for the opportunity to continue leveraging our financial expertise, entrenched experience and strong business networks to spur U Mobile's growth in its national ambitions and Malaysia's broader digital transformation.' This milestone underscores U Mobile's continued momentum as the nation's newest 5G network provider, spurring digital connectivity and innovation, solidifying Malaysia's digital ambitions.
New Straits Times
31-05-2025
- Business
- New Straits Times
U Mobile appoints CIMB as loan coordinator for RM4bil 5G funding
KUALA LUMPUR: U Mobile has appointed CIMB as its loan coordinator and mandated lead arranger, securing up to RM4 billion in financing to support the nationwide deployment of its Next Gen 5G network infrastructure. In a joint statement, U Mobile said the funding would accelerate its capital expenditure (capex), aiming to achieve 80 per cent coverage of populated areas (COPA) by July 2026. As part of the arrangement, CIMB will contribute at least RM1.5 billion, with the remaining amount syndicated among other financial institutions. "This milestone underscores U Mobile's continued momentum as the nation's newest 5G network provider, spurring digital connectivity and innovation, solidifying Malaysia's digital ambitions," the statement said.– BERNAMA
Barnama
31-05-2025
- Business
- Barnama
U Mobile Appoints CIMB As Loan Coordinator For RM4 Bln 5G Funding
KUALA LUMPUR, May 31 (Bernama) -- U Mobile has appointed CIMB as the company's loan coordinator and mandated lead arranger to facilitate and arrange financing of up to RM4 billion to support the nationwide deployment of its cutting-edge 5G network infrastructure. In a joint statement, U Mobile said the financing would fund its capital expenditure (capex) to accelerate the rollout of its Next Gen 5G network, which aims to achieve 80 per cent coverage of populated areas (COPA) by July 2026. As part of the arrangement, CIMB intends to participate in the financing of at least RM1.5 billion, with the balance to be syndicated among other financial institutions.
