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Digicel to Sell Its 75% Holding in Myanmar Tower to Edotco Group

Digicel has entered right into a Share Buy Settlement with respect to the sale of its seventy five% stake in Digicel Asian Holdings, the father or mother of Digicel Myanmar Tower Firm, to the Edotco Group.

Closing of the sale is at the moment anticipated to happen by November 30, 2015, and the closing is conditional upon receiving the required regulatory and different approvals. ­The transaction values a hundred% of Digicel Myanmar Tower Firm, on a money and debt free foundation, at USD$221 million.

Commenting on the transaction, Digicel Group CEO, Colm Delves, stated; “The sale represents a powerful return on our funding in Digicel Myanmar Tower Firm and I want to thank all of the employees at MTC for his or her vital efforts over the previous two years in making the corporate so successful.”

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