KUALA LUMPUR, Maxis Bhd and CelcomDigi Bhd have each injected an additional RM116.67 million into Digital Nasional Bhd (DNB) through their subsidiaries, Maxis Broadband Sdn Bhd and Infranation Sdn Bhd.
In a filing with Bursa Malaysia, Maxis said the fresh shareholder advance is intended to support DNB’s ongoing 5G rollout and assist in managing the company’s financial requirements. CelcomDigi, in a separate filing, confirmed that its contribution was made in line with the agreed proportions among DNB’s shareholders, as outlined under the existing shareholders’ agreement.
According to Maxis, the additional shareholder advance carries the same rights as those of an ordinary shareholder. This means each ringgit of shareholder advance is entitled to one vote within DNB.
Based on the latest equity structure, the Ministry of Finance Inc (MoF Inc) remains the single largest shareholder of DNB, with RM500.1 million in issued share capital and RM250.2 million in shareholder advances, bringing its total contribution to RM750.3 million. This gives MoF Inc a 41.67% stake in the special-purpose vehicle tasked with implementing Malaysia’s 5G network.
Meanwhile, Maxis, CelcomDigi, and YTL Corp each hold a 19.44% stake in DNB. Their respective shareholdings comprise RM133,333 in issued share capital, RM233.33 million in shareholder advances, plus the latest RM116.67 million injection.
The latest funding move underscores the commitment of Malaysia’s leading telecommunications players to the success of DNB and the country’s broader 5G agenda, which is seen as critical for driving digitalisation, innovation, and future economic growth.
