Malaysia's DNB lands $1.27B Islamic financing for 5G push
What's the deal? Digital Nasional (DNB)Dealroom has a profile for this one. Try Dealroom → has completed a US$1.24B (≈$1.27 billion) syndicated Islamic term financing to fund the next phase of Malaysia's dual 5G network framework. The company is the entity behind the country's 5G rollout.
Why now? The financing refinances DNB's government-guaranteed revolving credit facility, which expired on September 29, and replaces it with a longer-term funding structure. It also clears the way for an ownership overhaul expected in early Q4 2026.
What's the endgame? The deal enables Minister of Finance Inc (MOF Inc)Dealroom has a profile for this one. Try Dealroom → to exit as an ordinary shareholder and hand equal ownership to DNB's mobile network operator shareholders: CelcomDigiDealroom has a profile for this one. Try Dealroom →, Maxis BroadbandDealroom has a profile for this one. Try Dealroom →, and YTL Power InternationalDealroom has a profile for this one. Try Dealroom →. MOF Inc will keep a special share to safeguard national interests.
By the numbers: The raise ranks in the 98th percentile for debt rounds among Malaysian telecom companies over the trailing 48 months, based on a sample of 52 deals. It is a sizeable commitment in a sector where debt financing of this scale is rare.
The signal: By shifting from state-backed credit to syndicated Islamic financing and private ownership, DNB is moving its 5G infrastructure toward a commercially driven model. The transition marks Malaysia's step into a more operator-led phase of its national network buildout.
Read more: klsescreener.com
Image credit: Phalinn Ooi
