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Last international telco in Myanmar sold

Last international telco in Myanmar sold

14 Sept 00:43 Key points summarised by AI
  • Telecom giant Ooredoo finalized the sale of its Myanmar operations to Singapore-based Nine Communications for US$576 million, making it the last international telco to exit the country.
  • Nine Communications, established in July, is reportedly owned by U Nyan Win, a seasoned Myanmar telecommunications expert, and now oversees Ooredoo Myanmar's 15 million users.
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