Singapore daily Straits Times says the May 15 decision appeared to have been made without an open tender. FMTNews 5G Altel
PETALING JAYA: The government has awarded the 5G telecommunications spectrum to several firms including one known as Altel, which is controlled by tycoon Syed Mokhtar al-Bukhary.
The Straits Times reported that the May 15 decision, “seemingly without an open tender”, was signed off by Communications and Multimedia Minister Saifuddin Abdullah. The decision was also unannounced.In January, Bloomberg reported that Malaysia was offering airwaves for 5G networks at little cost to carriers to reduce the investment needed for the speedier wireless service.
The government – then under Pakatan Harapan – would forgo revenue from spectrum auctions and instead allocate airwaves to a consortium of carriers via a tender starting after April.Executives from various telecom firms also told the Singapore daily they were unaware of any invitations to bid for the spectrum.
“It is strange because some of the companies that were awarded are public listed. They would have to announce it to the stock exchange once they are aware as there are also hundreds of millions in fees involved,” an executive who spoke on condition of anonymity was quoted as saying.Altel, a subsidiary of Syed Mokhtar’s Puncak Semangat, was given 2x5MHz “despite being a minor player.
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