U Mobile shifts to majority Malaysian ownership as Tunku Tun Aminah takes over chairmanship.
PETALING JAYA: Tunku Tun Aminah Sultan Ibrahim (pic) has been appointed chairman of U Mobile Sdn Bhd effective March 13, following Tan Sri Vincent Tan’s exit a day earlier, as the telco moves into majority Malaysian ownership.
In a statement, the telecommunications provider said Mawar Setia Sdn Bhd now holds over 50% stake in the company after completing a share purchase agreement with Singapore Technologies Telemedia Pte Ltd (STT).
The development marks a significant shift in ownership structure, strengthening domestic participation in one of Malaysia’s key mobile and broadband operator as U Mobile enters its next phase of corporate development.
Tun Aminah brings leadership and governance experience, having led private organisations across a wide range of industries and served on the boards of several public-listed and private companies.
Her appointment follows Tan’s relinquishment of the chairmanship at the close of business on March 12.
He will assume the role of founder and adviser to the board, where he will continue to provide guidance and support the company’s ongoing growth.
Commenting on the changes, Tan said the boardroom transition reflects U Mobile’s commitment to building reliable and scalable digital infrastructure.
“The latest changes in the U Mobile boardroom reflect the Company’s commitment to building digital infrastructure that is reliable, scalable and delivered on time.
“Our focus is to strengthen governance and long-term funding support, so the management team can accelerate rollout and meet the coverage expectations set for the country’s second 5G network.
“We intend to back this with sustained investment discipline and operational focus as U Mobile advances its next stage of development. I am delighted to share that U Mobile has been progressing well and is ahead of deployment schedule.”
He said Tun Aminah brings extensive leadership and governance experience, having led private organisations across various industries and served on the boards of several public-listed and private companies.
Mawar Setia is a Malaysian investment holding company founded by Tan and Tun Aminah.
The Sun Malaysia
