Yoma Strategic Holdings consortium signs telco agreement with Ooredoo Myanmar

To develop, construct and lease telco towers.

The consortium Digicel Asian Holdings, which comprises Digicel Group, First Myanmar Investment Co., Ltd and Yoma Strategic Holdings Ltd, has signed an agreement with Ooredoo Myanmar to
develop, construct and lease telecommunications towers in Myanmar, reports OCBC Investment Research.

"This will facilitate Ooredoo’s commitment to rapidly achieve coverage across the country after winning a coveted telecommunication license earlier this year," it added.

"We understand that Digicel Asian Holdings’ company in Myanmar, Myanmar Tower Company, will construct multi-tenancy towers in Myanmar and aim to work with multiple telecommunications operating companies," it said further.