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Laura Hutton/Photocall Ireland

Denis O'Brien assembles consortium to bid for Myanmar mobile license

O’Brien has joined forces with George Soros and Serge Pun to secure one of two new telecommunications licences for the country formally known as Burma.

DENIS O’BRIEN HAS assembled a consortium of investors in a bid to secure one of two new telecommunications licences being offered by the Government of Myanmar, formally known as Burma.

O’Brien has joined forces with George Soros, a Hungarian-American business magnate who specialises in strategic investments, and Serge Pun, one of Myanmar’s most recognised businessmen through YSH Finance Ltd, a company which is 80 per cent owned by Yoma Strategic Holdings group.

“With current mobile penetration below 10 per cent in Myanmar,” O’Brien said they were committed to the project.

“The liberalisation of the telecommunications market in Myanmar will serve as an important economic stimulus for the country,” said George Soros. “I am confident that our consortium has the expertise and experience to deliver world class service.”

“The leaders of this consortium share a common objective to offer affordable first class communications to the people of Myanmar,” added Serge Pun.

Digicel was set-up by O’Brien in April 2001. It has over 13 million customers 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.

Read: Denis O’Brien and Dermot Desmond among five Irishmen on Forbes rich list >

More: Denis O’Brien: doing business with Apple is “like going on methadone” >

Read: Denis O’Brien’s Digicel hits profits of more that $1bn >

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    Sep 16th 2017, 4:09 PM

    Surrounded by ten ft concrete blocks

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    Sep 16th 2017, 4:27 PM
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    Sep 16th 2017, 4:46 PM

    @Liam Doyle: As the great purveyor of hyperbole and empty rhetoric I’d have thought you’d have the answer to that question.

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    Sep 16th 2017, 4:49 PM

    @Atheos Euripides: You’re not a real Greek Philosopher and the language you use comes across as really pretentious & contrived

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    Sep 16th 2017, 4:51 PM

    And pointing out facts does not make you alt right

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    Sep 16th 2017, 5:47 PM

    @TheIrishInfidel: You don’t say! And I’m sorry that big words intimidate you.

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    Sep 16th 2017, 4:03 PM

    Mmm.. a heap of girls wearing skimpy clothes while playing under that erection, I’m sold.

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    Sep 16th 2017, 4:17 PM

    @Jonathan McCoy: bikinis and a huge erection!

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    Sep 16th 2017, 4:16 PM

    Thats if its still standing.

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    Sep 16th 2017, 6:33 PM

    2024 could be civil war by then. Olympics could be cancelled. How much further will French society have deteriorated in 7 years time. Not getting any better.

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    Sep 16th 2017, 4:03 PM

    Naked volleyball PLEASE

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    Sep 16th 2017, 10:25 PM

    @Stan: Whatever you’re into but I’d rather the guys keep their kits on.

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    Sep 17th 2017, 2:33 PM

    @Martin Flood: I meant the ladies for me anyway.

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    Sep 16th 2017, 4:14 PM

    Let’s hope it won’t be Fireball…

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    Sep 16th 2017, 4:29 PM

    Sea levels rising faster than I thought

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    Sep 16th 2017, 5:36 PM

    Críost…….. :O

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