Digicel signs Myanmar mast deal with Ooredoo
Qatari firm won mobile phone licence this year
Digicel chief Denis O’Brien: has formed an alliance with Myanmar tycoon Serge Pun. Photograph: Frank Miller
Denis O’Brien has teamed up with local Myanmar tycoon Serge Pun to form a consortium to build and lease a network of mobile phone masts to Ooredoo, a Qatari company that won a mobile phone licence in Myanmar earlier this year.
The consortium does not include billionaire currency dealer George Soros, who bid in partnership with Digicel and Yoma for a Myanmar licence in the process that saw a licence go to Ooredoo.
Myanmar Tower Holdings, DAH’s subsidiary in the country, will build the mast network on a range of sites assembled for Digicel’s unsuccessful licence bid. It said the masts would be “multi-tenancy” and hoped the network would eventually be used by “all telecommunications operating companies” in Myanmar.
Telenor, a Norwegian company, also won a licence there this year.
In its latest quarterly results Digicel said it had accrued $25 million in costs so far assembling its network of mast sites.