Axiata Unit to Raise Stake in Myanmar Tower Operations

KUALA LUMPUR (NewsRise) – Axiata Group, Malaysia’s biggest telecom operator by revenue, said its infrastructure unit is buying an additional 12.5% stake in a telecom tower company in Myanmar for $35 million. The deal, which involves purchase of 250,000 shares under a put and call option agreement with YSH Finance, will raise edotco Group’s stake in […]

Telecom licence awardees announced

The Ministry of Communications and Information Technology has granted communication licences to three telecom companies, according to Than Tun Aung, director-general of the telecommunications directorate. Those licence awardees are KDDI, E-Lite and Yatanarpon Teleport companies. A total of 50 local and foreign companies have applied to the directorate of telecommunications for communication-related services such as […]