O'Brien consortium faces wait over Burmese mobile licence
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.