Tuesday 17 October 2017

O'Brien consortium faces wait over Burmese mobile licence

Colm Kelpie

Colm Kelpie

A CONSORTIUM that includes businessman Denis O'Brien's Digicel telecoms group may have to wait longer than expected to find out if it has secured a prized mobile licence in Burma.

The country's lower house of parliament yesterday agreed to delay the awarding of two licences until a new telecommunications law comes into force.

The consortium has submitted a formal bid for one of the licences, with the award date expected to be today.

It's the first time the newly democratic country, emerging from decades of military rule, has offered such licences.

Digicel group has teamed up with George Soros's Quantum Strategic Partners and Burma's Yoma Strategic Holdings, which is headed by Serge Pun, as it tries to secure a licence.

Irish Independent

Independent.ie Comments Facility

INM has taken the decision to remove the commenting facility on its online platform Independent.ie to minimise the legal risk to our business that arises from Ireland's draconian libel awards system.

We continue to look forward to receiving comments through direct email contact or via social media, some of which may still be featured on the website Independent.ie

Editor's Choice

Also in Irish News