KUALA LUMPUR, Oct. 20 -- Malaysia's major telcos are set to gain a bigger say over Digital Nasional Bhd's direction as the wholesale 5G operator moves closer to a new ownership structure led by CelcomDigi, Maxis and YTL Power.

The transition follows DNB's completion of a RM5.2 billion financing exercise, paving the way for the Ministry of Finance Inc (MOF Inc) to exit as an ordinary shareholder.

CelcomDigi, Maxis and YTL are expected to hold equal stakes in DNB, while MOF Inc will retain a special share covering key strategic matters. The transition is reportedly expected to be completed in early Q4 2026.

The change will give the mobile-network operators a larger role in steering DNB at a time when the telecommunications sector is unde...