Myanmar
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Qatari telecoms firm Ooredoo is pondering a sale of its tower network, according to Reuters sources. -
Qatar’s Ooredoo is reportedly engaged in active conversations to sell its business units in Myanmar.
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The sale of Telenor Myanmar to M1 Group has received final regulatory approval from the Myanmar Investment Commission.
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Telenor Group has sold its 51% stake in Wave Money to the Myanmar-focused conglomerate, Yoma Strategic Holdings.
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The investor that is one of the biggest shareholders in MTN has bought Telenor’s Myanmar operation for just US$105 million.
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The military government of Myanmar has banned executives of foreign telecoms operators from leaving the country, as they refused to accept the government’s requirement that they intercept traffic.
Forthcoming events
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Ooredoo Myanmar has launched the first internet of things platform of its kind in the Asian country as part of an agreement with Nokia.
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Vietnamese military-run operator Viettel has joined a global grouping of telecoms companies formed by CenturyLink, Deutsche Telekom, Reliance Jio and SK Telecom.
