CelcomDigi and Maxis complete takeover of MOF’s shares in Digital Nasional Berhad
CelcomDigi and Maxis have completed their respective transaction to acquire MoF Inc’s shares in Digital Nasional Berhad (DNB). Both telcos have paid RM327.87 million each. This comes after MoF Inc ...
Source: MSN · September 20, 2026 at 8:20 PM · AI-assisted report
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KUALA LUMPUR, 20 SEPTEMBER 2026 —
CelcomDigi and Maxis have completed the acquisition of MoF Inc’s shares in Digital Nasional Berhad (DNB), each paying RM327.87 million for the stake.
Market Impact
The transaction was finalized on 6 March 2026, following regulatory approvals and the completion of due‑diligence processes. MoF Inc, a former minority shareholder, had previously announced its intention to divest its holdings in DNB, citing a strategic shift toward other investment opportunities.
The takeover is expected to strengthen the capital base of DNB, a state‑backed company responsible for developing Malaysia’s national digital infrastructure. With the new ownership structure, DNB will now be jointly held by CelcomDigi and Maxis, two of the country’s largest telecommunications operators. Analysts anticipate that the infusion of capital will accelerate the rollout of nationwide fibre and 5G services, potentially reducing the cost of network expansion and improving service coverage in underserved regions.
Market participants are monitoring the impact on the Malaysian equity market, particularly the performance of telecom stocks, which may experience increased investor confidence following the consolidation.
Details of the transaction terms beyond the purchase price remain undisclosed. No information has been released regarding the governance changes or the exact shareholding percentages post‑acquisition. The Malaysian Communications and Multimedia Commission (MCMC) has confirmed that the regulatory review was completed without significant concerns, and the transaction complies with the Communications and Multimedia Act 1998.
DNB’s board has stated that the company will continue to pursue its strategic objectives of expanding digital connectivity across the nation, with no immediate changes to its operational plans.
Looking ahead, DNB’s enhanced financial position is likely to support the acceleration of its national broadband initiatives, including the Digital Nasional Programme. The joint ownership by CelcomDigi and Maxis may also foster greater collaboration in the deployment of next‑generation network technologies. Investors will be watching for any subsequent announcements regarding project timelines, partnership agreements, and potential further capital raises. The market remains cautiously optimistic about the long‑term benefits of this consolidation for Malaysia’s digital economy.