O’Brien and Soros team up in Burma mobile licence bid

Denis O’Brien is teaming up with billionaire investor George Soros in a bid to secure a telecommunications licence in Burma.

O’Brien and Soros team up in Burma mobile licence bid

The south-east Asian country’s government is offering two licences in a bid to double the number of mobile network operators in its market.

Mr O’Brien’s Jamaican-based telecommunications business, Digicel — which has built up a leading presence in 30 developing economies in the past 12 years — is heading the consortium. The consortium also includes Mr Soros’s private investment vehicle, Quantum Strategic Partners and YSH Finance, an investment company led by Burmese businessman, Serge Pun, who is recognised as being one of the country’s most prominent entrepreneurs.

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