Malaysia has taken a giant step forward towards a digital future with the announcement of an expansion of 5G network coverage in the Malaysian Budget 2023. This expansion is expected to provide faster and more reliable internet connection while providing resources at a lower cost, making it cheaper and easier for Malaysians to access all the benefits that come with being connected. Digital Nasional Berhad (DNB), a wholly-owned subsidiary of the Ministry of Communication and Multimedia (MCMM) will be offering 5G services for just RM0.13 per GB, which is lower than the current rate of RM1.68 cents per GB. The plan is for 80% coverage to be achieved by end of this year in populated areas, costing RM16.5 billion. Discussions have begun on giving telco companies part ownership in DNB but no final decision has been made yet. Prices offered are determined by market forces and should MCMM deem it necessary, they can intervene if markets fail to function efficiently. For now, service providers are offering same prices for both 5G and 4G services.
The introduction of 5G technology brings unprecedented opportunities to Malaysians everywhere as they will experience increased speeds, larger bandwidths and improved security when it comes to online activities such as streaming content or conducting research over the internet. With this advancement Malaysians would be able to enjoy greater access to education resources, healthcare services, entertainment as well as other modern conveniences that come with being connected in today’s world. This upgrade couldn’t come sooner as millions around Malaysia depend on having access high speed internet connection for their day-to-day lives whether it’s for work or leisure related activities such using video conferencing tools or connecting with their communities through social media platforms. It goes without saying that this new initiative from the government could prove invaluable asset in ushering digitisation into Malaysia’s future while ensuring that everyone has equal access to its benefits regardless of socio-economic status or location within Malaysia itself.
The expansion of 5G network coverage is expected to drive lower internet prices, making it more affordable for the average Malaysian to stay connected and have access to better services. This could prove especially beneficial to students and low-income households as they would be able to benefit from the same advantages that other Malaysians enjoy without having to bear a huge financial burden. The government’s plan to make 5G coverage ubiquitous should also help spur the growth of digital start-ups and allow the country to move away from its reliance on traditional businesses. This could potentially lead to further economic opportunities and create more well-paying jobs in the tech industry in Malaysia, thus providing a possible way out of poverty for many Malaysians.