[TodayIR] YOMA: Digicel Group and YSH Finance Sign Agreement With Ooredoo
Monday 2nd December, 2013 – Kingston, Jamaica: Digicel Group and YSH Finance
Ltd (comprising Yoma Strategic Holdings Ltd ("Yoma Strategic") and First
Myanmar Investment Co., Ltd ("FMI") today announced that their reorganised
consortium, Digicel Asian Holdings, has signed an agreement with Ooredoo
Myanmar to develop, construct and lease telecommunications towers in the
Republic of the Union of Myanmar as part of Ooredoo's commitment to deploy a
world-class telecommunications network across the country.
Digicel Asian Holdings' company in Myanmar, Myanmar Tower Company, will be
amongst the first telecommunications tower companies to begin construction in
the Republic of the Union of Myanmar and, through its multi-tenancy towers,
will help all telecommunications operating companies achieve their aims of
rapidly deploying telecommunications coverage across the country.
Commenting on the announcement, Mr. Denis O'Brien, Chairman of Digicel Group,
said; "We are delighted to work with Ooredoo to help develop a high quality
telecommunications network across the Republic of the Union of Myanmar,
contribute to the growth of the Myanmar economy and benefit Myanmar citizens
across all of the country's States, Regions and Union territories."
Mr. Serge Pun, Chairman of Yoma Strategic and FMI, added; "Today's
announcement is a significant step in the economic and social development of
the Republic of the Union of Myanmar. We are delighted to play our part in
such development and look forward to working closely with the Government,
authorities, telecommunications operators and other local companies."
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