Digicel Loses Bid to Host Telecoms in Burma (now Myanmar)

The Digicel consortium is disappointed to have been notified that it has not been successful in securing one of the two nationwide telecommunications licences on offer in Myanmar.

Digicel remains committed to exploring commercial opportunities in Myanmar and will be evaluating these on an ongoing basis.

{FILE IMAGE} Mr. Denis O'Brien, Chairman and founder of Digicel Group, speaking on behalf of the consortium – YSH Finance Limited (a joint venture between First Myanmar Investment Co., Ltd and Yoma Strategic Holdings Ltd. 'FMI/Yoma'), Quantum Strategic Partners Ltd. and Digicel Group Limited, thanked the Union Government of Myanmar for the opportunity to be involved in the bidding process.

{FILE IMAGE} Mr. Denis O’Brien, Chairman and founder of Digicel Group, speaking on behalf of the consortium – YSH Finance Limited (a joint venture between First Myanmar Investment Co., Ltd and Yoma Strategic Holdings Ltd. ‘FMI/Yoma’), Quantum Strategic Partners Ltd. and Digicel Group Limited, thanked the Union Government of Myanmar for the opportunity to be involved in the bidding process.

He also congratulated the successful applicants and wished them well as they prepare to enter the Myanmar market.

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