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, according to a source at one of the companies, who did not want to be named as the matter is sensitive. MTC and Yoma Strategic both declined to comment. Digicel … [Read more...]

Balloon adventures set for takeoff in Mandalay

Eager adventurers will soon have the chance to enjoy an aerial view of Mandalay from a hot air balloon starting this October, a newly launched company says. Oriental Ballooning plans to launch the service on October 25, with daily, pre-sunrise services through to at least the end of March – weather permitting. “There was no balloon flight service in Mandalay before,” said spokesperson Ma Ni Ni Khaing. “This will be the first time. Visitors can enjoy Mandalay and surrounding areas from a … [Read more...]