Telenor addresses underage labour, corruption and site fatalities

At a sustainability briefing yesterday – the third given by the Norwegian operator, which is the only telco to hold a public event discussing these issues – Telenor Myanmar CEO Petter Furberg covered major risks in the telecoms sector ranging from land issues to health and safety concerns. And though the company has taken measures […]

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 […]

12 firms pre-qualified for Myanmar 2 telco licence

Out of the 22 applications that were received – the Myanmar’s Ministry of Communication of Post and Telegraph has announced that 12 applicants have been pre-qualified to submit tender for the 2 telco licence. The pre-qualified firms are: Airtel Consortium Axiata Group Berhad Digicel (Soros’ Quantum Strategic Fund is part of this group) France Telecom-Orange […]

George Soros among 22 bidders vying for telco licence in Myanmar

The Quantum Strategic Partners whose principal adviser is Soros Fund Management has teamed up with Digicel Group Limited and YSH Finance to enter into the battle for the telco licence. “It’s quite a big opportunity,” Digicel spokeswoman Antonia Graham told AFP. “We are looking at an initial project investment of between $1.5 billion and $2 […]