Latest news with #UMobile
The Sun
2 days ago
- Business
- The Sun
U Mobile appoints CIMB as coordinator, lead arranger of up to RM4b financing for 5G rollout
PETALING JAYA: U Mobile has appointed CIMB as the company's loan coordinator and mandated lead arranger to facilitate and arrange financing of up to RM4 billion to support the nationwide deployment of its cutting-edge 5G network infrastructure. As part of the arrangement, CIMB intends to participate in the financing of at least RM1.5 billion with the balance to be syndicated among other financial institutions. The appointment was formalised at a signing ceremony in Kuala Lumpur on Friday. The financing will fund U Mobile's capital expenditure (capex) to accelerate the rollout of its Next Gen 5G network, which aims to achieve 80% coverage of populated areas by July 2026. The agreement was signed by U Mobile CEO Wong Heang Tuck and CIMB Group CEO of wholesale banking Chu Kok Wei, witnessed by U Mobile chief financial officer Sandy Tsang and CIMB head of corporate and public sector coverage Denise Wong. 'U Mobile is pleased to deepen our partnership with CIMB through this significant arrangement. CIMB shares our commitment to driving Malaysia's digital economy forward through connectivity and innovation,' Heang Tuck said in a statement. 'Partnering with a strong financial institution like CIMB demonstrates our ability in executing our capex programme efficiently. Their confidence in our financial discipline and growth trajectory reinforces our ability to deliver an enterprise-grade 5G network that is fast, scalable, and impactful for both businesses and consumers,' he added. Chu said, 'CIMB is pleased to partner with U Mobile on this strategic initiative to accelerate 5G coverage across Malaysia. This next-generation network will be a key catalyst not only in boosting social connectivity and economic inclusion across Malaysia, but positions Malaysia as a key enabler of Asean's digital economy. 'As a key financial institution in Malaysia and the region, we are grateful for the opportunity to continue leveraging our financial expertise, entrenched experience and strong business networks to spur U Mobile's growth in its national ambitions and Malaysia's broader digital transformation.' This milestone underscores U Mobile's continued momentum as the nation's newest 5G network provider, spurring digital connectivity and innovation, solidifying Malaysia's digital ambitions.
New Straits Times
3 days ago
- Business
- New Straits Times
U Mobile appoints CIMB as loan coordinator for RM4bil 5G funding
KUALA LUMPUR: U Mobile has appointed CIMB as its loan coordinator and mandated lead arranger, securing up to RM4 billion in financing to support the nationwide deployment of its Next Gen 5G network infrastructure. In a joint statement, U Mobile said the funding would accelerate its capital expenditure (capex), aiming to achieve 80 per cent coverage of populated areas (COPA) by July 2026. As part of the arrangement, CIMB will contribute at least RM1.5 billion, with the remaining amount syndicated among other financial institutions. "This milestone underscores U Mobile's continued momentum as the nation's newest 5G network provider, spurring digital connectivity and innovation, solidifying Malaysia's digital ambitions," the statement said.– BERNAMA
Malay Mail
3 days ago
- Business
- Malay Mail
U Mobile secures RM4b funding to accelerate 5G expansion, appoints CIMB as loan coordinator
KUALA LUMPUR, May 31 — U Mobile has appointed CIMB as the company's loan coordinator and mandated lead arranger to facilitate and arrange financing of up to RM4 billion to support the nationwide deployment of its cutting-edge 5G network infrastructure. In a joint statement, U Mobile said the financing would fund its capital expenditure (capex) to accelerate the rollout of its Next Gen 5G network, which aims to achieve 80 per cent coverage of populated areas (COPA) by July 2026. As part of the arrangement, CIMB intends to participate in the financing of at least RM1.5 billion, with the balance to be syndicated among other financial institutions. 'This milestone underscores U Mobile's continued momentum as the nation's newest 5G network provider, spurring digital connectivity and innovation, solidifying Malaysia's digital ambitions,' the statement said. — Bernama
Barnama
3 days ago
- Business
- Barnama
U Mobile Appoints CIMB As Loan Coordinator For RM4 Bln 5G Funding
KUALA LUMPUR, May 31 (Bernama) -- U Mobile has appointed CIMB as the company's loan coordinator and mandated lead arranger to facilitate and arrange financing of up to RM4 billion to support the nationwide deployment of its cutting-edge 5G network infrastructure. In a joint statement, U Mobile said the financing would fund its capital expenditure (capex) to accelerate the rollout of its Next Gen 5G network, which aims to achieve 80 per cent coverage of populated areas (COPA) by July 2026. As part of the arrangement, CIMB intends to participate in the financing of at least RM1.5 billion, with the balance to be syndicated among other financial institutions.
The Star
4 days ago
- Entertainment
- The Star
SMARTER GAMING WITH CUTTING-EDGE HOME WI-FI
U Home 5G comes with a FREE Game-Grade 5G Router designed for blazing speeds and ultra-low latency Whether you're a dedicated gamer battling the biggest bosses or someone who enjoys casual family gaming sessions on the Nintendo Switch, having the right home setup makes all the difference. A strong and responsive internet connection with low latency is essential — and that's exactly where U Home 5G delivers. So whether it's firing up The Elder Scrolls IV: Oblivion Remastered, Clair Obscur: Expedition 33, or enjoying a fun game of Mario Kart with the kids, you can count on U Home 5G to keep every session smooth and seamless. U Home 5G comes with a free Game-Grade 5G Router — designed to deliver ultra-low latency and blazing-fast speeds up to 3.6Gbps. With 5G Standalone (SA) support and optimisation for 5G-Advanced networks, it's built to keep up with the intensity of modern online play. More than just for gaming U Home 5G isn't just about smooth gaming. It's also perfect for 4K streaming, ultra-fast downloads, and seamless video calls. Whether you're working from home, catching up on the latest K-dramas, or juggling home devices, your connection stays fast and stable. And with truly unlimited hi-speed home Wi-Fi, there's no cap on what you can do. Built to handle more devices At the heart of U Home 5G is its free 5G SA-ready router. It's equipped to handle 5G-Advanced networks, which means ultra-responsive performance perfect for gaming, streaming, or working from home. Unlike older setups that treat all devices the same, this router intelligently prioritises traffic, ensuring your gaming session or video call always stays ahead of background activity. With 4x4 MIMO (Multiple Input, Multiple Output) technology, the router allows four simultaneous data streams — dramatically boosting speed and ensuring stronger, more stable connections, especially in busy households. Need to connect a smart TV, laptop, phone and everything in between? No problem. This router supports more than 100 devices, making it ideal for smart homes, families and hybrid work setups. Each device gets the bandwidth it needs, and latency remains consistently low, even during peak usage. Whole-home coverage, zero dead zones Struggling with Wi-Fi in your bedroom or on another floor? U Home 5G's FREE Game-Grade 5G Router supports EasyMesh, letting you pair it with compatible extenders to create a seamless, self-optimising network. That means seamless, uninterrupted internet across every room, every floor — no manual switching, no lag spikes as you move around. Devices automatically connect to the strongest signal as you move around, ensuring fast, stable performance no matter where you are at home. High-speed, high-value home Wi-Fi U Home 5G gives you unlimited hi-speed home Wi-Fi and a free Game-Grade 5G router, all for just RM68 per month. Whether you're gaming, working or streaming, this is your upgrade to next-level performance. Sign up now at any of the U Mobile branches. To find out more visit the U Home 5G
