Yoma Strategic Holdings has decided to hold on to its 25 percent stake in Myanmar Tower Company (MTC) owner Digicel Asian Holdings, announcing a partnership with majority shareholder and Axiata subsidiary Edotco Group on December 4 that gives Yoma the right to sell if it changes its mind.
Telenor Myanmar has signed a memorandum of understanding with Malaysia telecoms service provider OCK Group and its local Myanmar partner, King Royal Technologies, the Shah Alam-based company announced last week.
Microsoft has for the second time in three months announced a deal with a local Myanmar conglomerate, this time to license infrastructure and software to real estate and construction giant Shwe Taung Group for an undisclosed sum.
The world added 87 million new mobile subscribers this past quarter, with nearly 6 percent of them coming from Myanmar, making it the fourth-fastest growing market on earth, according to Ericsson’s Q3 2015 Mobility Report.
The German consultant that advised on a government tender for two international telecoms operator licences – won by Telenor and Ooredoo – will provide support for a new tender for a fourth licence, said industry sources.
The draft of a new Myanmar Automobile Policy which aims to improve domestic car production and make prices more affordable will be submitted to parliament this session.