Digicel, Ooredoo sign Myanmar deal to construct telecommunications towers

YANGON—Digicel Asian Holdings, a consortium of Digicel Group, Yoma Strategic and First Myanmar Investment Co Ltd (FMI), announced today that its has signed an agreement with Ooredoo Myanmar to develop, construct and lease telecommunications towers in Myanmar.

Digicel’s Myanmar unit, Myanmar Tower Company, will be among the first telecommunications tower companies to begin construction in the Southeast Asian country. Through its multi-tenancy towers, it will help all telecommunications operating firms achieve their aim of rapidly deploying telecommunications coverage across the country, according to Digicel Group.

“We are delighted to work with Ooredoo to help develop a high quality telecommunications network across Myanmar, contribute to the growth of the Myanmar economy and benefit Myanmar citizens across all of the country’s states, regions and Union territories,” said Denis O’Brien, chairman of Digicel Group.

“Today’s announcement is a significant step in the economic and social development of Myanmar. We are delighted to play our part in such development and look forward to working closely with the government, authorities, telecommunications operators and other local companies,” said Serge Pun, chairman of Yoma Strategic and FMI.

Qatar’s Ooredoo is one of the two international telecommunication providers that earlier this year won the coveted telecom tenders to operate in Myanmar, along with Norway’s Telenor. The licences, expected in September, have not been formally awarded yet. After receiving the licence, Ooredoo can operate for 15 years in Myanmar alongside Telenor, state-owned Myanmar Posts and Telecommunication (MPT), and Yatanarpon Teleport (YTP).

Digicel Group Limited is a leading global telecommunications provider with operations in 31 markets in the Caribbean, Central America, and Asia Pacific. After 12 years of operation, total investment to date stands at over US$ 4.5 billion (Ks 4.41 trillion) worldwide, according to the company.

Yoma Strategic is a leading business corporation with real estate, agriculture, automotive and luxury tourism businesses in Myanmar and China. The firm is taking a conglomerate approach to build a diversified portfolio of businesses in Myanmar, together with its partner, the SPA Group.

Source: ELEVEN Myanmar

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here