U Mobile secures RM4b funding to accelerate 5G expansion, appoints CIMB as loan coordinator

AI Summary

U Mobile has secured up to RM4 billion in financing from CIMB and other financial institutions to expand its 5G network infrastructure across Malaysia. CIMB will act as the loan coordinator and mandated lead arranger, contributing at least RM1.5 billion. The funding will support U Mobile's capital expenditure to achieve 80% 5G coverage in populated areas by July 2026, solidifying its position as a key player in Malaysia's digital transformation.