KUALA LUMPUR, Feb 17 — The Malaysian government would harm investor confidence in the country if it proceeds with a rumoured revision of the contract Ericsson won to develop 5G mobile broadband infrastructure, the envoys of five major trading partners said.
“Revising past tenders should be approached with great caution and sufficient transparency so as not to undermine Malaysia’s good standing as an investment destination,” the five diplomats said. Last year, the Malaysian government selected Ericsson over China’s Huawei to develop the country’s 5G network infrastructure, simultaneously going with a single wholesale network model operated by Digital Nasional Bhd, a wholly-owned unit of the Finance Ministry.
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