Concerns mount in the wake of Red Dot shutdown

Agents of Red Dot Network Ltd are unhappy that deposits paid to the now defunct payment solutions provider will likely not be returned to them. Red Dot’s system involves small terminals and trading balances. The firm buys credit from Myanmar’s telcos – Ooredoo, Telenor, MecTel and MPT – the same as that which shop owners […]

Digicel’s Burmese days in doubt

Denis O’Brien: there is speculation that Digicel may be preparing to sell the vestiges of its business in the emerging economy of Myanmar, or Burma if you have an old-school colonial bent. Photograph: Dara Mac Dónaill / The Irish Times. It may seem to regular readers that we are obsessed by Denis O’Brien’s Caribbean telco […]

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 […]