George Soros among 22 bidders vying for telco licence in Myanmar

The Quantum Strategic Partners whose principal adviser is Soros Fund Management has teamed up with Digicel Group Limited and YSH Finance to enter into the battle for the telco licence.

“It’s quite a big opportunity,” Digicel spokeswoman Antonia Graham told AFP.

“We are looking at an initial project investment of between $1.5 billion and $2 billion.”

Other companies that have expressed an interest include China Mobile, Vodafone, Japan’s KDDI, Qatar Telecom, Orange and SingTel, according to a source close to the process.

The government is expected to announce on April 11 which firms pre-qualified. A final decision on the winning bidders is expected on June 27.


Source: AFP

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