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Straits Mobile Investment Agrees To Reduce Shareholding In U Mobile To 20 Pct

KUALA LUMPUR, Nov 10 (Bernama) -- Straits Mobile Investment Pte Ltd, a wholly owned unit of Singapore-headquartered ST Telemedia, has agreed to the strategic alignment of its shareholding ownership in U Mobile to 20 per cent from 49 per cent, thus increasing U Mobile’s Malaysian ownership.

Bursa Malaysia Closes Marginally Lower Amid Profit-taking

By Abdul Hamid A Rahman

KUALA LUMPUR, Nov 8 (Bernama) -- Bursa Malaysia closed marginally lower on the final trading day of the week, weighed by profit-taking amid cautious sentiment after Donald Trump’s US election victory.

Lantronix Expands 5G Portfolio With US$6.5 Mln NetComm Acquisition

KUALA LUMPUR, NOV 8 (Bernama) -- Lantronix Inc has signed a definitive agreement to acquire from NetComm Wireless Pty Ltd (NetComm), a subsidiary of DZS Inc, all of the assets of its enterprise Internet of Things (IoT) business for US$6.5 million in cash together with assumptions of certain liabilities. (US$1=RM4.38)

Fahmi : Premature To Reveal Conditions For U Mobile’s 5G Network

PUTRAJAYA, Nov 8 (Bernama) -- U Mobile Sdn Bhd will be subject to specific conditions set by the Malaysian Communications and Multimedia Commission (MCMC) as it develops Malaysia’s second 5G network, said Communications Minister Fahmi Fadzil.

Maxis 3Q Net Profit Rises 27.5 Pct To RM366 Mln, Declares 4 Sen Dividend

KUALA LUMPUR, Nov 8 (Bernama) -- Maxis Bhd’s net profit surged 27.5 per cent to RM366 million for the third quarter ended Sept 30, 2024 (3Q 2024) from RM287 million in the same period last year, driven by both higher service revenue as well as prudent cost management.

SDEC 2024 Draws 20,000 Attendees, Generating RM100 Mln In Potential Transactions

KUALA LUMPUR, Nov 8 (Bernama) -- The Selangor Smart City and Digital Economy Convention (SDEC) 2024, held from Oct 16-19, attracted over 20,000 participants and generated an estimated RM100 million in potential transactions through strategic partnerships and business engagements.

Bursa Malaysia Pulls Back After Recent Rally

By Abdul Hamid A Rahman

KUALA LUMPUR, Nov 7 (Bernama) -- Bursa Malaysia staged a modest pullback to end lower today, driven by profit-taking after a four-day rally, amid the mostly higher regional market performance, an analyst said.

Greenery To Showcase Climate-friendly Solutions At COP29

KUALA LUMPUR, Nov 7 (Bernama) -- Greenery Inc announced it will bring its innovative solutions for low-carbon agriculture to the 29th UN Climate Change Conference of the Parties (COP29), at Azerbaijan from Nov 11 to 13.

U Mobile's Appointment As 5G Provider Complies With Licence Conditions - Fahmi

KUALA LUMPUR, Nov 7 (Bernama) -- The decision to select U Mobile Sdn Bhd as Malaysia's second 5G network provider does not contravene the special licence conditions for individual licences, said Communications Minister Fahmi Fadzil. 

Malaysia’s Second 5G Network Poised To Support IIoT, High-bandwidth Sectors - BMI

KUALA LUMPUR, Nov 7 (Bernama) -- BMI, a Fitch Solutions company, sees potential for Malaysia’s second 5G network to carve out a role as a niche connectivity provider, particularly supporting Industrial Internet of Things (IIoT) applications.

U Mobile Chosen As Malaysia's Second 5G Provider Based On Multiple Factors – MCMC

PUTRAJAYA, Nov 6 (Bernama) -- U Mobile Sdn Bhd was chosen as Malaysia's second 5G network provider based on factors like business and technical plans, complaint records, customer satisfaction, and its track record in infrastructure projects, according to the Malaysian Communications and Multimedia Commission (MCMC).

Gamuda Likely To Oust Genting Malaysia From FBM KLCI

KUALA LUMPUR, Nov 6 (Bernama) -- CIMB Securities Sdn Bhd has indicated that Gamuda Bhd may replace Genting Malaysia Bhd in the FTSE Bursa Malaysia KLCI (FBM KLCI) in the index’s upcoming review next month.