The Business Times

u mobile

Asean Business

Malaysia telco U Mobile to partner with China’s Huawei and ZTE for 5G network

U Mobile secures a government contract to roll out Malaysia’s second 5G network

U Mobile’s selection to develop the 5G network surprised analysts because it’s a smaller player in Malaysia’s telecommunications industry and has a large foreign ownership.
Telcos, Media & Tech

Temasek firm’s deal values Malaysia 5G winner at RM7.5 billion: sources

A TEMASEK Holdings firm’s stake sale agreement values U Mobile at about RM7.5 billion (S$2.3 billion), according to people familiar with the matter, after the Malaysian phone company won a major 5G co...

Under a conditional share purchase deal, Mawar Setia will acquire the stake in U Mobile from Straits Mobile Investments, a unit of ST Telemedia.
Companies & Markets

ST Telemedia sells majority stake in Malaysian telecom firm U Mobile

Straits Mobile will hold a 20% stake following completion of the deal

The Kuala Lumpur-headquartered company will file an IPO application to the regulator later this month, or August, for a deal that would value the firm at more than US$2 billion.
Telcos, Media & Tech

U Mobile plans over US$500 million Malaysia IPO in 2025

Malaysian mobile data service company U Mobile is planning a domestic initial public offering (IPO) that is expected to raise more than US$500 million as early as the first half of 2025, according to ...

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