U Mobile has secured a RM4.3 billion syndicated financing facility to support the rollout of its next generation 5G network, marking one of the largest ringgit-denominated syndicated financings for an unlisted Malaysian company.
CIMB Investment Bank Bhd acted as the Sole Loan Coordinator and Joint Mandated Lead Arranger, while CIMB Bank Bhd and CIMB Islamic Bank Bhd served as financiers. The arrangement also included Maybank Islamic, AmBank Islamic and UOB Malaysia as Joint Mandated Lead Arrangers and financiers.
In a statement, U Mobile said the funds would primarily be channelled towards capital expenditure and working capital needs as the company targets achieving 80 per cent coverage of populated areas (CoPA) by the second half of 2026.
The financing is also expected to accelerate the expansion of its ULTRA5G experience nationwide, supporting Malaysia’s broader digitalisation ambitions.
U Mobile chief executive officer Wong Heang Tuck said the successful completion of the facility demonstrated strong confidence from major banks in the telco’s 5G business strategy and long-term growth prospects.
“Our 5G deployment began in mid-2025, and this facility will further accelerate our rollout ambitions. We remain committed to delivering the most extensive and robust 5G network experience for Malaysians,” he said, adding that the company remained ahead of its current network rollout milestones.
Meanwhile, CIMB Group CEO of Group Wholesale Banking Chu Kok Wei said the bank was pleased to be the largest financier in driving U Mobile’s 5G network expansion, supporting the nation’s digitalisation agenda.
Maybank Group CEO of Global Banking Dato’ John Chong said the Shariah-compliant financing would help build the 5G ecosystem, enabling industries such as advanced manufacturing and healthcare to leverage AI capabilities.
AmBank Group’s Managing Director of Wholesale Banking Datuk Jamzidi Khalid said the collaboration reaffirmed the bank’s confidence in U Mobile’s growth plans, while UOB Malaysia’s Country Head of Wholesale Banking Andy Cheah noted that the partnership would unlock new opportunities for innovation.
The 10-year syndicated financing agreement was formalised at the Mandarin Oriental, Kuala Lumpur.
-NIAGATIMES
