Digicel sells Myanmar Tower Company to Malaysian group

MyanmarMyanmar Times — MTC, which is owned by Digicel Asian Holdings, a joint venture between Digicel Group and YSH Finance, was valued on a cash and debt free basis at US$221 million, “in line with market benchmarks for similar assets”, according to an Axiata announcement on October 2. The business was put up for sale earlier this year, including all its contracts and sites, as reported by The Myanmar Times. Several companies made initial bids, including a number of competitors within Myanmar, according to market sources who did not want to be named.


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