Digicel Asian Holdings to build towers for Ooredoo Myanmar

Digicel Group and YSH Finance (comprising Yoma Strategic Holdings and First Myanmar Investment has 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.

The consortium will help in deploying 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, Denis O’Brien, chairman, 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.”

Serge Pun, chairman, Yoma Strategic and FMI said, “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.”

Digicel Group is a leading global telecommunications provider with operations in 31 markets in the Caribbean, Central America and Asia Pacific. After 12 years of operation, total investment to date stands at over $4.5 billion worldwide.

YSH Finance Ltd is part of the SPA Myanmar Group, one of the leading business groups in Myanmar, with companies active in key business sectors, including financial services, real estate development, automobile distribution, agriculture, manufacturing, services, retail and travel and tourism. YSH Finance is owned by First Myanmar Investment Co. and Yoma Strategic Holdings, two public companies within the SPA Myanmar Group.

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