Naza Communications, one of Naza Corp Holdings' subsidiaries is now reportedly in talks to buy U Mobile's assets.
For now, information regarding the assets that will go through the transaction is still a question mark. Earlier, at the end of last year, there were reports saying U Mobile was considering selling their telecommunication towers.
For information, Naza Communications is involved in telecommunications infrastructure related business. If it is true that Naza takes over U Mobile's wholly-owned assets, then it will position Naza as one of the largest infrastructure providers as U Mobile is the 4th largest telecommunications company in Malaysia.
For now, neither party has issued any comments on the matter.
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NEWS & FACT