Malaysia’s financial exposure to DNB reaches zero after refinancing
DNB is expected to finance itself, with Communications Minister Fahmi Fadzil ruling out further government financial support.
Malaysia had no financial liability remaining in relation to Digital Nasional Bhd (DNB) by the end of September, Communications Minister Datuk Seri Fahmi Fadzil said, following the completion of a financing facility worth RM5.2 billion.
At a press conference in Kuala Lumpur, Fahmi said DNB would be expected to meet its own financing needs. He also ruled out the government providing additional financial assistance. His remarks followed a ceremony marking the exchange of documents between DNB and five financial institutions.
DNB said it completed the syndicated Islamic term financing on Sept 29, 2026. The arrangement refinanced its revolving credit facility, which carried a government guarantee. The company said the new structure would provide sustainable funding over the long term to support growth.
The financing involved Maybank Investment Bank Bhd, AmInvestment Bank Bhd, CIMB Islamic Bank Bhd, RHB Islamic Bank Bhd and United Overseas Bank (Malaysia) Bhd.
Fahmi said the funding would enable DNB to update its technology as equipment had evolved since operations began. He said purchases would benefit individual consumers as well as businesses such as factories, ports and warehouses.
He also called for stronger engagement with multinational corporations, emphasising dependable infrastructure and technology alongside communications security. Fahmi said three major telecommunications companies were using DNB’s network.
