U Mobile to launch second 5G network without new local partners, IPO by year end
“When asked about the potential collaboration, Tan ruled out local partners and said he is looking for a partnership with Chinese telecommunications suppliers, such as Huawei Technologies Co Ltd and ZTE Corp.”
“We do not need new local partners. We are looking at Chinese suppliers, either Huawei or ZTE. They are the best in terms of 5G technology. They will be supplying the 5G equipment and provide financing. We need to fork out our own capex (capital expenditure) together with financing from the banks. But, everything is still not yet finalised,” Tan added.
Read the full news item from The Edge, Malaysia.