Myanmar Tower Co in talks for firm’s sale

Myanmar Tower Company (MTC), which is owned by Digical Asian Holdings, a joint venture between Digicel Group and YSH Finance, has been put up for sale, including all its contracts and sites, according to several market sources. Several companies have made an initial bid and are now carrying out the due diligence process on MTC, […]

Yoma raises stake in Myanmar telco to 25%

Yoma Strategic Holdings said its 80%-owned subsidiary YSH Finance had on Tuesday increased its stake in Myanmar’s Digicel Asian Holdings from 8% to 25%. This makes Digicel Asian Holdings an associated company of Yoma. YSH Finance had subscribed for an extra 420,000 new shares, representing 17% interest, in Digicel Asian Holdings for US$427,333 ($536,495). This […]