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Wednesday, 24 Feb 2021 10:47 AM MYT
BY ASHMAN ADAM
Fitch Solutions predicted that the main overseers of the wholly-owned Finance Ministry unit would be chosen from among allies of the ruling party in order to curry favour. ― AFP pic
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KUALA LUMPUR, Feb 24 The government’s move to use a special purpose vehicle (SPV) to auction off the 5G spectrum will raise adoption costs for companies and slow down development of the technology in Malaysia, said Fitch Solutions Country Risk & Industry Research.
The Fitch Group unit said the SPV was a departure from the usual mode of an open auction that has typically been used in other Asian countries for the rollout of the next-generation broadband cellular network.