U Mobile secures US$1b from Malaysian banks to fund 5G rollout

U Mobile secures US$1b from Malaysian banks to fund 5G rollout

Malaysia’s second 5G wholesale operator U Mobile announced on Friday it has signed a ten-year syndicated financing deal with four Malaysian banks worth MYR4.3 billion (just over US$1 billion) to fund the capex for its 5G network rollout.

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