Funding to drive next-generation network expansion, strengthen enterprise-grade 5G capabilities and support rapid nationwide rollout.
U MOBILE today announced that it has secured a RM4.3 billion syndicated financing package to accelerate the nationwide deployment of its next-generation 5G network. The financing marks one of the largest syndicated ringgit facilities ever raised by an unlisted company in Malaysia, underscoring strong market confidence in U Mobile’s long-term growth trajectory and 5G strategy.
CIMB Investment Bank Berhad acted as the Sole Loan Coordinator and Joint Mandated Lead Arranger (MLA). CIMB Bank Berhad and CIMB Islamic Bank Berhad participated as financiers. The facility was arranged together with Maybank Islamic Bank Berhad, AmBank Islamic Bank Berhad and UOB Malaysia, which also served as Joint MLAs and financiers.
The funds will primarily support U Mobile’s capital expenditure and working capital needs as it pursues an accelerated 5G network rollout. The company targets achieving 80% coverage of populated areas (CoPA) by the second half of 2026, while further expanding its ULTRA5G experience nationwide in support of Malaysia’s digital transformation agenda.
“U Mobile, as Malaysia’s newest 5G network provider, is delighted to have successfully secured this RM4.3 billion syndicated financing, one of the largest in the country. This showcases the strong confidence that the leading banks have in the execution of our 5G business plan and long-term growth trajectory.
“Our 5G deployment across Malaysia started in the middle of 2025 and this new facility will further accelerate our rollout ambitions and reinforce our commitment to drive Malaysia’s digital economy,” said Wong Heang Tuck, Chief Executive Officer of U Mobile.
Wong added that U Mobile remains ahead of its rollout targets and is confident of achieving 80% CoPA coverage next year. He also highlighted that U Mobile’s enterprise-grade network, powered by 5G-Advanced capabilities from day one, is designed to deliver robust outdoor and indoor connectivity for both public and private sector applications.
CIMB emphasised its commitment to supporting the nation’s digital ambitions.
“CIMB is pleased to be a key partner and largest financier to U Mobile in this joint financing commitment, which is poised to drive the deployment of U Mobile’s next gen 5G network across Malaysia. We aim to strengthen seamless connectivity across all crucial touchpoints, serving as a catalyst for the nation’s strategic digitalisation agenda through our financing efforts.
“We look forward to continuing to spur the development of the nation’s infrastructure as springboard to a digital-first future, in line with our purpose of Advancing Customers and Society,” said Chu Kok Wei, Chief Executive Officer, Group Wholesale Banking, CIMB.
Maybank highlighted the importance of Shariah-compliant financing in enabling the project.
“As a pioneering global Islamic-finance leader, we are proud to support U Mobile with Shariah-compliant financing to build the ecosystem and accelerate the deployment of Malaysia’s second 5G network.
“This will enable industries such as advanced manufacturing and healthcare to harness the full potential of AI technologies, and adapt in the new economy,” said Datuk John Chong, Group CEO of Global Banking, Maybank.
AmBank reaffirmed its confidence in U Mobile’s long-term strategy.
“AmBank is pleased to be part of this landmark syndicated financing for U Mobile, which reflects our continued commitment to supporting Malaysia’s telecommunications sector and the nation’s 5G ambitions. This collaboration underscores the confidence we have in U Mobile’s growth strategy and its role in advancing the country’s digital infrastructure and connectivity agenda.
“As a trusted financial partner to Malaysia’s leading corporates, AmBank too is committed to driving innovation and digital advancement by supporting investments that strengthen the nation’s telecommunications backbone which propels Malaysia’s journey toward a fully digital and connected economy,” said Datuk Jamzidi Khalid, Managing Director of Wholesale Banking, AmBank Group.
UOB Malaysia also expressed its continued support.
“We are pleased to continue our support for U Mobile through this expanded syndicated financing, which will enable the rollout of its next generation 5G network.
“As a bank deeply committed to enabling regional connectivity and digital transformation, we believe this partnership will accelerate Malaysia’s digital economy and unlock new opportunities for innovation and growth. Our involvement reflects our confidence in U Mobile’s vision and execution capabilities,” said Andy Cheah, Country Head of Wholesale Banking, UOB Malaysia.
The 10-year financing agreement was formalised at the Mandarin Oriental and signed by senior leaders from U Mobile, CIMB, Maybank, AmBank and UOB.
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