Digicel Consortium Receives Pre-Qualification Application Confirmation For Myanmar Telecoms Licence Tender Process
SINGAPORE, April 11, 2013 /PRNewswire/ -- Digicel today received confirmation from the Telecommunications Operator Tender Evaluation and Selection Committee that its pre-qualification application for one of the two new telecommunications licences in Myanmar has been successful.
As such, the Digicel consortium is cleared to participate in the final stage of the tender process for one of the two new nationwide telecommunications licences in Myanmar. With current mobile penetration below 10% in Myanmar, the Digicel consortium is committed to rolling out a world-class telecommunications network.
The Digicel consortium brings together expertise from the worlds of telecommunications, strategic investment, banking and infrastructure, and comprises Digicel Group, Quantum Strategic Partners Ltd. and the Yoma Strategic Holdings group. It features three of the world's most recognisable businessmen – Denis O'Brien, George Soros and Serge Pun who together deliver a unique blend of expertise and ability.
Denis O'Brien, Digicel Chairman and founder, comments; "On behalf of Digicel and our partners, Quantum Strategic Group and Yoma Strategic Holdings, we are delighted to have had our pre-qualification application accepted. We believe that we are uniquely positioned to offer affordable first class communications to the people of Myanmar and are looking forward to having the opportunity to do so."Responses to the invitation to tender are due on Monday 3 rd June 2013 and an announcement of the two selected pre-qualified applicants that will lead to the award of the new licences is expected on 27 th June 2013. ABOUT DIGICEL Digicel Group Limited is a leading global communications provider with operations in 31 markets in the Caribbean, Central America and Asia Pacific. After 12 years of operation, total investment to date stands at over US$4.5 billion worldwide. The company is renowned for delivering best value, best service and best network. Digicel runs a host of community-based initiatives across its markets and has set up Digicel Foundations in Jamaica, Haiti, Papua New Guinea and Trinidad and Tobago which focus on educational, cultural and social development programmes. Digicel is the lead sponsor of Caribbean, Central American and Pacific sports teams and individuals including the world's fastest man, Usain Bolt and Special Olympics teams throughout these regions. Digicel also sponsors the West Indies cricket team. Since 2012, Digicel has been the title sponsor of the Myanmar Football Federation and the Myanmar Special Olympics Federation. Visit www.digicelgroup.com for more information. SOURCE Digicel Group Limited
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV