In a filing with Bursa Malaysia today, TM said the term sheet covers “5G radio access network (RAN)-to-edge fronthaul and backhaul as a single end-to-end fibre leasing offering” with a contract value of RM2 billion over 10 years, and is categorised as a commercial service.

The term sheet is binding on the parties and forms the basis of a definitive agreement.

“Upon the signing of the term sheet, both parties shall immediately enter into a negotiation with a view to finalise and execute the definitive agreement on detailed terms mutually acceptable to both parties within four months,” TM said.

The term sheet signed today takes effect from Aug 28 and remains valid and effective until the expiry of the 10-year service term of the last commissioned cell site unless earlier terminated by the parties.

TM said under the term sheet – a binding agreement – it will provide the fibre leasing service to enable DNB’s infrastructure needs in supporting the government’s aspiration to speed up the 5G rollout in Malaysia.