Edotco plans $200m investment in Myanmar telecoms

Telecoms tower firm Edotco has officially launched in Myanmar, with the company to give its name to Ooredoo tower provider Myanmar Tower Company. A Yangon man sits in front of a billboard showing the logo of Qatari firm Ooredoo, Edotco’s main customer in Myanmar. Photo: EPAA Yangon man sits in front of a billboard showing […]

Yoma keeps stake in telecoms tower firm

Yoma Strategic Holdings has decided to hold on to its 25 percent stake in Myanmar Tower Company (MTC) owner Digicel Asian Holdings, announcing a partnership with majority shareholder and Axiata subsidiary Edotco Group on December 4 that gives Yoma the right to sell if it changes its mind. News of the agreement came in conjunction […]

Yoma sees Q1 net profit jump 78% to $2.56m

SINGAPORE – Mainboard-listed Yoma Strategic Holdings announced on Monday a 77.7 per cent jump in net profit to $2.56 million for the first quarter ended June 30, 2015, from $1.44 million in the year-ago period, as growth in its automotive sales and property rental income more than offset a decline in sales of residences and […]

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, […]