U Mobile secures RM4.3 Billion financing to accelerate 5G rollout in Malaysia
As you should know, U Mobile is Malaysia’s second 5G network provider. Recently, the company successfully secured a RM4.3 billion syndicated financing to fund the nationwide deployment of its next-generation 5G network.
CIMB Investment Bank Berhad acted as the Sole Loan Coordinator and Joint Mandated Lead Arranger, with CIMB Bank Berhad and CIMB Islamic Bank Berhad as primary financiers. The financing was arranged alongside Maybank Islamic Bank, AmBank Islamic Bank, and UOB Malaysia, making this one of the largest syndicated ringgit financings ever raised by an unlisted Malaysian company.
Funding to Boost 5G Coverage and ULTRA5G Experience
The financing will primarily support U Mobile’s capital expenditure (CAPEX) and working capital, targeting 80% coverage of populated areas (CoPA) by the second half of 2026. This expansion will also accelerate the nationwide rollout of U Mobile’s ULTRA5G experience, a cornerstone initiative for advancing Malaysia’s digital economy.
“Securing this RM4.3 billion facility showcases the strong confidence that leading banks have in our 5G business plan and long-term growth,” said Wong Heang Tuck, CEO of U Mobile. “Our 5G rollout, which began in mid-2025, will accelerate further with this financing, reinforcing our commitment to drive Malaysia’s digital economy.”
Ahead of Network Rollout Targets
Wong emphasised that U Mobile is already ahead of schedule in its network deployment and is confident in achieving 80% CoPA by mid-2026. The company’s enterprise-grade 5G-Advanced network is designed to benefit both public and private sectors, delivering wide outdoor and indoor coverage across Malaysia.
Banks Show Strong Confidence in U Mobile
CIMB, the largest financier in the syndicate, highlighted the strategic importance of this financing:
“This partnership will drive U Mobile’s next-gen 5G network rollout across Malaysia, strengthening connectivity and supporting the nation’s digitalisation agenda,” said Chu Kok Wei, CEO, Group Wholesale Banking, CIMB.
Maybank, through Shariah-compliant financing, emphasised the impact on sectors like advanced manufacturing and healthcare, enabling industries to leverage AI technologies and adapt in the evolving digital economy.
AmBank highlighted its commitment to Malaysia’s 5G ambitions, noting that the collaboration underscores confidence in U Mobile’s growth strategy and its role in expanding the nation’s digital infrastructure. UOB Malaysia echoed similar sentiments, stressing that the partnership will accelerate the digital economy and unlock new opportunities for innovation.
A Landmark 10-Year Financing Agreement
The 10-year syndicated financing agreement was formalised at the Mandarin Oriental, Kuala Lumpur. The signing was attended by top executives from U Mobile, CIMB, Maybank, AmBank, and UOB, including:
- Wong Heang Tuck, CEO, U Mobile
- Chu Kok Wei, CEO, Group Wholesale Banking, CIMB
- Dato’ John Chong, Group CEO, Global Banking, Maybank
- Datuk Jamzidi Khalid, MD of Wholesale Banking, AmBank Group
- Andy Cheah, Country Head of Wholesale Banking, UOB Malaysia
This landmark financing positions U Mobile to fast-track its 5G network rollout, reinforcing Malaysia’s digital infrastructure and advancing the country’s journey toward a fully connected, digital-first economy. Stay tuned for more trending tech news at TechNave.com.
