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 Strategic chief executive talks leadership transition

Yoma Strategic Holdings chief executive Andrew Rickards is stepping down next month after a nearly four-year term, though remains bullish on Myanmar’s long term prospects.  As the best-known Myanmar-focused company listed on a foreign exchange, Yoma Strategic has attracted business and investors eager to participate in what’s sometimes touted as the last frontier economy. Yoma […]

Bad reception Telenor and Ooredoo pick new tower firms

After months of delays due to intense negotiations over pricing and terms, Ooredoo and Telenor have signed a second round of purchase orders for telecommunications towers. But two of the four towers companies originally hired as official vendors have so far been left empty-handed, and two newcomers have been hired instead. Norway’s Telenor has placed […]

Digicel’s Myanmar deal adds to Islamic finance landscape

May 5 Cellular operator Digicel Group Ltd has obtained $60 million in sharia-compliant financing for its Myanmar venture, helping widen the reach of Islamic finance transactions as the sector continues to expand into new markets. Islamic finance has seen a string of landmark deals over the past year, with debut sovereign Islamic bonds (sukuk) from […]

Mobile tower firms turn the corner

The second year of building is under way for the tower companies working to extend coverage for Telenor and Ooredoo, moving steel and concrete by truck and buffaloes to thousands of sites around the country. Apollo Towers global project management officer Bill Pollack said the firm has learned a lot in the last year, as […]

Who’s building the towers?

A look at the who’s who in the construction of Myanmar’s telecoms infrastructure, and the joint venture alignments that have formed. Apollo Towers Engaged in construction, management and leasing of telecoms infrastructure to Myanmar operators, Apollo Towers has signed an agreement with Telenor to build 1001 towers. The Singapore company is chaired by former Orange […]

Ooredoo builds 100 towers as launch looms closer

Mobile operator Ooredoo has built about 100 cell towers with hundreds more in the pipeline ahead of its expected launch in the third quarter 2014, according to CEO Ross Cormack. The Qatar-based telco expects to have about 30 percent population coverage at launch, particularly in Yangon, Mandalay and Nay Pyi Taw but also other areas, […]