Digicel mulls sale of Myanmar towers

“Digicel has received a number of expressions of interest regarding an acquisition of the business and is evaluating the options relating to it,” say documents circulated ahead of its planned IPO on US markets later this year.
Local reports suggested several companies had made initial bids and are undergoing a due diligence process
Digicel made an ambitious bid to land one of the two mobile-phone licences which were put up for auction by the Myanmar authorities in 2013. It was unsuccessful, with groups involving Norway’s Telenor and Qatar’s Ooredoo landing the licences.
However, Digicel invested in building the mobile-communications infrastructure in the rapidly increasing market.
It owns 75pc of a company called DAHPL, with YSH Finance owning the other 25pc. In December 2013, the joint venture inked a deal with Ooredoo Myanmar to develop, construct and lease 1,250 telecom towers.
Digicel investor documents noted that it spent “approximately $90m in relation to the roll out of its tower company in Myanmar”.

Source: Independent

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