CIMB Investment Bank served as the sole loan coordinator and joint mandated lead arranger, with CIMB Bank and CIMB Islamic Bank as the primary financiers. The deal was arranged alongside Maybank Islamic Bank, AmBank Islamic Bank Berhad, and UOB Malaysia, all acting as joint mandated lead arrangers and financiers.
U Mobile stated that the funds will primarily be allocated to cover the capex costs associated with its ongoing next-generation 5G infrastructure deployment, as well as providing working capital to support operational needs.
The financing will also help accelerate the expansion of U Mobile’s ULTRA5G service, launched in August 2023.
In June 2025, U Mobile appointed CIMB Bank to facilitate and arrange up to MYR4 billion in funding to support its 5G network infrastructure development.
U Mobile CEO Wong Heang Tuck expressed confidence in the banks’ support, noting that the deal reflects strong confidence in the telco’s ability to execute its 5G business plan and sustain long-term growth.
“Our 5G deployment across Malaysia began in mid-2025, and this new facility will further accelerate our rollout ambitions and reinforce our commitment to driving Malaysia’s digital economy,” said Wong Heang Tuck.
He added that U Mobile is ahead of schedule with its network deployment targets and expects to achieve 80% coverage of populated areas by July 2026.
