TECHNOLOGYglobal
U Mobile boosts local ownership to comply with 5G rollout regulation
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Updated 3 hours ago
First seen March 21, 2026 03:00:40Stay on top of this story
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Quick Summary
Mawar Setia has acquired a controlling stake of over 50% in U Mobile from Singapore Technologies Telemedia, enabling the operator to comply with Malaysian regulations regarding foreign ownership as it rolls out the country's second 5G network.