O’Brien offloads Myanmar telecoms assets

Offloading 75 per cent stake in Digicel Myanmar Tower nets tycoon €200m

13th December, 2015
Denis O Brien

Businessman Denis O’Brien has added to his cash pile as he offloads more assets by closing the sale of his 75 per cent shareholding in Digicel Myanmar Tower Company for an enterprise value of $221 million (€200 million).

Malaysia’s Edotco, a subsidiary of one of Asia’s larger telcos Axiata Group, completed its acquisition of O’Brien’s stake last week.

The contribution of the sale to O’Brien’s bottom line...

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