U Mobile meets local shareholding requirements and is approved to advance the construction of Malaysia's second 5G network
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Malaysia's third-largest mobile operator U Mobile has met the local shareholding requirements and has been approved to advance the construction of its second 5G network. M1 Limited has acquired a majority stake in U Mobile, increasing its shareholding to over 50%, while STT's stake has been reduced to 20%. Aminah took over as chairman on March 13. U Mobile plans to launch 5G commercial services in August 2025 and has already obtained contracts for the construction of the 5G network
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