Digicel-Soros Consortium Promises $9 Billion Myanmar Investment
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A consortium lead by Digicel Group Ltd, billionaire George Soros and Myanmar property developer YSH Finance Ltd promised to invest $9 billion in Myanmar’s new mobile-phone network if it’s granted a license.
The companies will roll out a high-speed, fourth-generation mobile-phone network across the country by Dec. 1, and its wireless service will reach 96 percent of Myanmar’s population by 2016, the group said in a statement today.