Failure to Sell Firm: Singapore Myanmar Investco Responds to SGX Query

SINGAPORE Myanmar Investco (SMI) said it had failed to sell its tower telecommunications business despite “strenuous efforts over many months” to secure approval from the Myanmar Investment Commission (MIC) with relation to tax benefits for the US$12.7 million proposed sale. This, SMI said, were the conditions precedent (CP) that it had not fulfilled in the […]

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 […]

Newcomer to build 500 Ooredoo towers

Singapore Windsor Holdings has won a contract to build 500 telecommunication towers for Ooredoo Myanmar, according to a notice published late yesterday on the Singapore Exchange (SGX). The build-and-lease contract is for a period of 18 months, according to the statement. This is a relatively modest rollout plan compared to other towers companies operating in […]