Yoma Strategic Holdings misses out on Myanmar telco license

But all is not lost.

Myanmar authorities announced that it would award two telecommunications licenses to Norway’s Telenor and Qatar’s Ooredoo, with the France’s Telecom-Orange group as a reserve, noted OCBC Investment Research, but Yoma Strategic Holdings still has some options under its sleeve.

"We believe there is still some scope for the group to stay involved in the telecommunications sector in Myanmar, which could still throw up various opportunities ahead. This is especially since Digicel has already spent several years investing in Myanmar and establishing a business presence," said the research firm, referring to Yoma's Digicel which was widely perceived by the market to be one of the frontrunners for a Myanmar telco license.

OCBC noted though that "given the limited color from Digicel’s press release yesterday, however, we see this to be uncertain at this juncture and likely contingent on further negotiations between the parties in the consortium."

Also Read

Singapore emerges as world’s 2nd most expensive data centre market

SIAS urges NeraTel shareholders to reject Ennoconn Corp's mandatory offer

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit