U Mobile has announced a significant shift in its ownership structure after the completion of a Share Purchase Agreement between Singapore Technologies Telemedia and Mawar Setia Sdn. Bhd.. Following the deal, Mawar Setia now holds more than 50% stake in U Mobile, marking a move toward stronger Malaysian ownership in one of the country’s key mobile and broadband providers.
Tunku Tun Aminah Sultan Ibrahim Ismail Appointed as Chairman
Alongside the ownership update, U Mobile has also announced a leadership change at the board level. Tunku Tun Aminah Sultan Ibrahim Ismail has been appointed as Chairman, effective 13 March 2026. She brings experience in leadership and corporate governance, having served in various roles across private organisations and on multiple boards. Her appointment signals a new chapter for the company as it strengthens its governance structure.
Vincent Tan Chee Yioun Transitions to Founder and Advisor Role
The appointment follows the stepping down of Vincent Tan Chee Yioun as Chairman, effective 12 March 2026. He will now take on the role of Founder and Advisor to the Board, where he will continue to support the company’s strategic direction and long-term growth. According to Vincent Tan, the boardroom changes reflect U Mobile’s focus on strengthening governance, ensuring long-term funding and accelerating infrastructure rollout.
Focus on 5G Expansion and Infrastructure
U Mobile is currently positioning itself for its next stage of development, with a strong emphasis on building reliable and scalable digital infrastructure. The company is also working toward meeting national expectations for the second 5G network rollout in Malaysia, with management indicating that deployment is progressing ahead of schedule. The leadership reshuffle and ownership consolidation are expected to support faster execution and sustained investment as the company expands its network capabilities.
Strengthening Local Participation in the Telecom Sector
Mawar Setia Sdn. Bhd., a Malaysian investment holding company founded by Vincent Tan Chee Yioun and Tunku Tun Aminah Sultan Ibrahim Ismail, now plays a more prominent role in shaping the future of U Mobile. With increased local ownership and a refreshed leadership team, the company is aiming to reinforce its position in Malaysia’s competitive telecommunications landscape while continuing to expand its network and service offerings. Stay tuned for more trending tech news at TechNave.com.
