YOMA increases stake in tower JV
By AFP | Wednesday, 28 May 2014
YOMA Strategic Holdings increased its share of Myanmar tower company joint venture Digicel Myanmar Tower Company to 25 percent, from the previous 8 pc, according to a statement on May 28.
Yoma, a Singapore-listed, Myanmar-focused firm chaired by Serge Pun, and its partner Digicel announced in December 2013 it had been awarded a contract to provide telecommunications towers for Ooredoo.
Yoma's stake in the joint venture comes through YSH Finance, which is 80pc owned by Yoma Strategic and 20pc by Myanmar public company First Myanmar Investment Company.
Digicel was an unsuccessful bidder for one of two Myanmar mobile operator licences last year, which were won by Norway's Telenor and Qatar-based Ooredoo.
Source: http://www.news.myanmaronlinecentre.com/2014/05/28/yoma-increases-stake-in-tower-jv/
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