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 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 […]

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, […]

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 […]

MTC opened to woo foreign buyers

The Myanmar Trade Centre has been opened to boost the country’s exports and woo foreign buyers. The MTC, officially launched on Saturday, is located at Yangon office of the Commerce Ministry. MyintSwe, the PM of Yangon Region and other regional government officials, Win Myint, the union minister of commerce and other officials, Win Aung, the […]