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.