Yoma would gain from selling Digicel Asian stake: analysts
Singapore
ANALYSTS on Monday said Yoma Strategic could stand to gain if it follows in its partner's footsteps and divests its shares in a Myanmar joint venture to a unit of Malaysian telco Axiata Group.
Last Friday, Jamaica-based Digicel Group, which owns three quarters of Digicel Asian Holdings, said it plans to sell off its entire stake for US$221 million to Edotco. Yoma, which owns the remaining quarter, said it was in talks with Edotco and evaluating its options.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly