Qatar's Ooredoo sells Myanmar unit for US$576 million


DUBAI/YANGON, Sept 10 (Reuters): Telecoms firm Ooredoo has signed an agreement to sell its Myanmar unit to Singapore vehicle Nine Communications Pte. Ltd, the Qatari company has announced in an offiical statement.

he transaction, with an enterprise value of $576 million and a total equity consideration of $162 million, is subject to the customary closing conditions, including Myanmar regulatory approvals.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Qatar , Ooredoo , Sell , Unit , Myanmar

   

Next In Aseanplus News

Indonesia launches national early warning system to enhance disaster preparedness
Singapore government will do everything it can to help citizens tackle cost-of-living concerns: PM Wong
Vietnam records 36 earthquakes in September, majority in Kon Plong district
Taiwan shuts down ahead of Typhoon Krathon's arrival, torrential rain forecast
Asian ministers mull ways to enhance education quality, access
Unexplained minor blast at southern Japan's Miyazaki Airport; all flights suspended due to sinkhole on taxiway
Cambodia plants over 20,000 palm seedlings along border with Vietnam in Tbong Khmum
10 Filipino frat men get 40 years' jail for deadly Castillo hazing
China actress warned by doctors after adding ‘height-boosting’ drugs to son’s food
Singapore's Ministry of Foreign Affairs director-general appeals against jail sentence over the misuse of diplomatic bags

Others Also Read