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Yoma in deal with JV's new majority owner

It stays in telecom towers business but obtains options to protect downside if relationship doesn't work out

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Published Fri, Dec 4, 2015 · 09:50 PM

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Singapore

YOMA Strategic Holdings is staying in business with the new majority owner of its joint venture telco tower business in Myanmar, but has obtained options to protect its downside if the relationship does not work out.

Malaysia-based Edotco Investments (Labuan) in October agreed to buy Digicel Group's 75 per cent stake in Digicel Asian Holdings, a joint venture between Yoma and Digicel created to build and lease wireless towers in Myanmar. Yoma owns the remaining 25 per cent.

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