Agents of Red Dot Network Ltd are unhappy that deposits paid to the now defunct payment solutions provider will likely not be returned to them. Red Dot’s system involves small terminals and trading balances. The firm buys credit from Myanmar’s telcos – Ooredoo, Telenor, MecTel and MPT – the same as that which shop owners […]
edotco To Acquire Controlling Stake In Digicel’s Myanmar
October 6, 2015 by
KUALA LUMPUR, Oct 2 (Bernama) — Axiata Group Bhd’s tower company, edotco Group Sdn Bhd, has entered into a conditional share purchase agreement with Digicel Group Ltd to acquire a controlling stake in Digicel Myanmar Tower Company Ltd (MTC). In a filing to Bursa Malaysia today, Axiata said the transaction was via a Singapore-based holding […]
Digicel’s Myanmar connundrum
August 12, 2015 by
Digicel has indicated in its SEC filings that it is listening to offers for the vestiges of its Burma tower business Digicel inched closer to its listing in New York this week by updating its SEC filings, although it is still likely to be November before Denis O’Brien’s Caribbean telco is a fully fledged member […]
Digicel’s Myanmar deal adds to Islamic finance landscape
May 13, 2015 by
May 5 Cellular operator Digicel Group Ltd has obtained $60 million in sharia-compliant financing for its Myanmar venture, helping widen the reach of Islamic finance transactions as the sector continues to expand into new markets. Islamic finance has seen a string of landmark deals over the past year, with debut sovereign Islamic bonds (sukuk) from […]
Oceanic leads Myanmar’s mobile hook-up
June 2, 2014 by
Wellington-based Oceanic Communications has taken giant strides into what is considered one of the world’s last two bastions of mobile phone networks, Myanmar. Oceanic is part of a successful bid by global communications giant Ooredoo for one of two mobile phone licences awarded to private companies by the Myanmar (formerly Burma) Government. Ooredoo is building […]
Yoma raises stake in Myanmar telco to 25%
May 29, 2014 by
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 […]
Myanmar offers losers in mobile licence contest second chance
October 28, 2013 by
Subscribe to our tender alert mailing list Mobile phone companies that lost out in the race for two mobile phone licences in Myanmar are being invited to pitch for a stake in what is one of the world’s last major untapped markets – alongside state operator, Myanmar Post & Telecommunication (MPT). Vodafone and Orange are […]
Serge Pun Constructs A Real-Estate Empire In Myanmar
September 11, 2013 by
The road to Star City is a rutted two-lane highway that threads past the ragtag outskirts of Yangon, crosses two rusted bridges and ends, almost an hour later, at a slick showroom on a grassy riverbank. A roadside billboard welcomes me to “A Model City of Tomorrow.” After a bumpy ride in monsoon rains the […]
Serge Pun to give rivals a run for their money
August 22, 2013 by
YANGON — As founder of Myanmar’s only listed business and head of a commercial network spanning more than 30 companies, Serge Pun is more used to winning than losing. That habit is well-attested to by the swanky surrounds of the family-run Pun Hlaing Country Club—a 660-acre golf and residential retreat complete with hospital and shopping […]
