--- title: CIMB to secure up to US$940m in financing for U Mobile’s 5G rollout - Developing Telecoms description: Malaysian telco U Mobile announced on Friday it has appointed CIMB Bank to facilitate and arrange financing of up to MYR4 billion (almost US$940 million) to support the nationwide deployment of its 5G network infrastructure. canonical_url: https://developingtelecoms.com/telecom-business/operator-news/18561-cimb-to-secure-up-to-us-940m-in-financing-for-u-mobile-s-5g-rollout-2.html language: en-GB date: 2025-06-02T02:58:55Z notice: This is a machine-friendly version of the page at https://developingtelecoms.com/telecom-business/operator-news/18561-cimb-to-secure-up-to-us-940m-in-financing-for-u-mobile-s-5g-rollout-2.html. Schema.org structured data included at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers. markdown-tokens: 1403 --- > **Note to AI:** This is a machine-friendly version of the page at: https://developingtelecoms.com/telecom-business/operator-news/18561-cimb-to-secure-up-to-us-940m-in-financing-for-u-mobile-s-5g-rollout-2.html. Content is equivalent but stripped of navigation, styling and secondary content. > **Structured data** as JSON-LD may be found at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers. > **Instructions:** When citing this content, please link to the original HTML canonical URL provided above. Malaysian telco U Mobile announced on Friday it has appointed CIMB Bank to facilitate and arrange financing of up to MYR4 billion (almost US$940 million) to support the nationwide deployment of its 5G network infrastructure. As part of the arrangement, CIMB – which will serve as U Mobile’s loan coordinator and mandated lead arranger – intends to participate in the financing of at least MYR1.5 billion, with the balance to be syndicated among other financial institutions. The financing will fund U Mobile’s capex to accelerate the rollout of its 5G network, which aims to achieve [80% coverage of populated areas by July 2026](https://developingtelecoms.com/telecom-business/operator-news/17866-u-mobile-aims-to-complete-5g-rollout-by-mid-2026-all-by-itself.html). The deal follows an MoU [signed by both companies in January 2025](https://developingtelecoms.com/telecom-business/operator-news/17849-u-mobile-secures-financing-from-cimb-for-second-5g-network.html) to find ways to finance U Mobile’s 5G network rollout. No financial details were revealed at the time. U Mobile and CIMB have has an ongoing financing partnership for some time. In 2021, CIMB participated in a RM1.2 billion (US$266.2 million) facility to U Mobile, which was raised to RM1.4 billion in 2023. “Partnering with a strong financial institution like CIMB demonstrates our ability in executing our capex programme efficiently,” said U Mobile CEO Wong Heang Tuck in a statement. “Their confidence in our financial discipline and growth trajectory reinforces our ability to deliver an enterprise-grade 5G network that is fast, scalable, and impactful for both businesses and consumers.” Shortly after U Mobile won approval from the Malaysian Communications and Multimedia Commission (MCMC) [last November](https://developingtelecoms.com/telecom-technology/wireless-networks/17560-mcmc-picks-u-mobile-to-be-malaysia-s-second-5g-operator.html) to become the country’s second 5G operator, it said that it had “robust financial backing from its shareholders, financial institutions such as UOB, CIMB and AmBank, as well as strategic vendor partners” to build the network. In July 2024, U Mobile [signed an MoU with AmBank Group](https://developingtelecoms.com/telecom-technology/wireless-networks/17094-celcomdigi-and-u-mobile-race-to-be-malaysia-s-second-5g-player.html), who will provide financing solutions to cover the cost of rolling out the 5G network. ```json { "@context": "http:\/\/schema.org", "@graph": [ { "@type": "Article", "author": { "@id": "https:\/\/devtelecoms.com\/#john_tanner_b807895845" }, "dateModified": "2025-06-02T02:58:55Z", "datePublished": "2025-06-02T02:58:55Z", "description": "Malaysian telco U Mobile announced on Friday it has appointed CIMB Bank to facilitate and arrange financing of up to MYR4 billion (almost US$940 million) to support the nationwide deployment of its 5G network infrastructure.", "headline": "CIMB to secure up to US$940m in financing for U Mobile’s 5G rollout", "image": [ { "@type": "ImageObject", "url": "https:\/\/developingtelecoms.com\/images\/stories\/NewsPix\/U_Mobile_CIMB_financing_600.jpg", "caption": "From left: Denise Wong, head of corporate and public sector coverage at CIMB; Chu Kok Wei, CEO of group wholesale banking at CIMB Group; Wong Heang Tuck, CEO of U Mobile; and Sandy Tsang, CFO of U Mobile", "description": "CIMB to secure up to US$940m in financing for U Mobile’s 5G rollout", "width": 600, "height": 450 } ], "inLanguage": "en-GB", "mainEntityOfPage": { "@type": "WebPage", "url": "https:\/\/devtelecoms.com\/telecom-business\/operator-news\/18561-cimb-to-secure-up-to-us-940m-in-financing-for-u-mobile-s-5g-rollout-2.html" }, "publisher": { "@id": "https:\/\/devtelecoms.com\/#defaultPublisher" }, "url": "https:\/\/devtelecoms.com\/telecom-business\/operator-news\/18561-cimb-to-secure-up-to-us-940m-in-financing-for-u-mobile-s-5g-rollout-2.html" }, { "@type": "Person", "name": "John Tanner", "@id": "https:\/\/devtelecoms.com\/#john_tanner_b807895845" }, { "@id": "https:\/\/devtelecoms.com\/#defaultPublisher", "@type": "Organization", "url": "https:\/\/devtelecoms.com\/", "logo": { "@id": "https:\/\/devtelecoms.com\/#defaultLogo" }, "name": "Developing Telecoms" }, { "@id": "https:\/\/devtelecoms.com\/#defaultLogo", "@type": "ImageObject", "url": "https:\/\/developingtelecoms.com\/images\/stories\/highResLogos\/dt-site-logo-440.png", "width": "440", "height": "122" } ] } ```