[TodayIR] YOMA: Digicel and Ooredoo Sign Agreement to Develop
Telecommunications Towers in Myanmar
Singapore, 2 December 2013 – Digicel Group and YSH Finance Ltd (comprising
Yoma Strategic Holdings Ltd ("Yoma Strategic") and First Myanmar Investment
Co., Ltd ("FMI")) today announced that their reorganized 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 and 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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