U Mobile Sdn Bhd, which is planning to roll out the country’s second 5G network, could be listed as early as next year as it is already in the midst of preparing for an initial public offering (IPO) with a targeted valuation of more than RM10 billion.

Sources say the mobile network operator (MNO) is targeting a valuation of between RM11 billion and RM12 billion and has appointed CIMB Investment Bank Bhd as its adviser.

sos