18 C
New York
Friday, May 27, 2022

Investcom, part of the M1 Group, clears the acquisition of Telenor Myanmar – providing essential telecommunications infrastructure as a vital service

- Advertisement -
- Advertisement -

DUBAI, United Arab Emirates, March 18, 2022–(BUSINESS WIRE)–The Group M1 he was informed that the Myanmar Investment Commission the application of Telenor Group about the sale of Telenor Burma to the Investcom PTE Ltd.a subsidiary of Group M1passed.

the Group M1 will with him Telenor group and all stakeholders work together to ensure the continuity, stability, and reliability of all customers, employees, and business partners of Telenor Burma to secure and complete the transaction as quickly as possible.

Azmi T. Mikati, CEO of M1 Groupcommented: “We are pleased with this official decision. M1 Group will support Investcom PTE in providing basic communication services and will invest in the development of telecommunication infrastructure, even in the most difficult conditions. Investcom will conduct its business in Myanmar specifically for the benefit of the people of Myanmar, for whose lives communication services are extremely important.”

Azmi Mikati he continued, “M1 Group has decades of experience in providing critical services to people in emerging markets around the world. M1 Group has always been committed to respecting human rights and will continue to do so in the future. Respects the laws of the countries in which it operates and is committed to complying with consumer protection regulations, particularly in relation to data security, data resiliency, privacy, connectivity, roaming and access to Internet. M1 Group is not afraid to expand and use its technical expertise to support the people of Myanmar, even in times of uncertainty. We are committed to ensuring that everyone has access to quality telecommunications services they can trust.”

the Group M1 agreed with him Telenor Group on the acquisition of its operations in Myanmar in July 2021. The decision to invest in Myanmar is based on the fundamental premise that all people in all countries have the right to have access to basic telecommunications infrastructure. It also reflects M1 Group’s unwavering commitment to supporting economic growth in the most challenging conditions and ensuring the development of a world-class telecommunications company.

The works for the Myanmar market Group M1 with the Shwe Byain Phyu (SBP) group on the Investcom PTE together. She is the new company that will take possession.

the Group M1 remains committed to making a valuable contribution to the people of Myanmar and upholding the values ​​of care, trust, solidarity and cutting edge technology. At the same time, he seeks progress and social commitment and stays close to people.

Mikati concluded: “I would like to thank the entire management team and staff of Telenor Myanmar for their tireless efforts in making Telenor Myanmar the market leader it is today. M1 Group is committed to making a valuable contribution to the people of Myanmar by providing critical communication services in a purposeful, sustainable and socially responsible manner. We value the relationships we have built in Myanmar through Telenor’s operations with customers and business partners. We also strive to build trust and promote social engagement and advancement of technology for the benefit of the people of Myanmar.”

– Final –

About Group M1

the Group M1 is an investment holding company that owns, manages and controls interests and subsidiaries in a wide variety of industries, including telecommunications, real estate, fashion and retail.

About Investcom PTE Ltd

Investcom is a joint venture of Group M1 and the Shwe Byain Phyu (SBP) group. The new company (Q1 2022) has the telecommunications division of Telenor Burma accepted. The most important goals are to ensure continuity, stability and reliability for all customers, employees and business partners. Telenor Burma.

===

The source language in which the original text is published is the official and authorized version. Translations will be included for better understanding. Only the version in the language that was originally published is legally valid. Therefore, compare the translations with the original language version of the publication.

View the original version on businesswire.com: https://www.businesswire.com/news/home/20220318005144/en/

contacts

For more information and media inquiries, please contact:
M1 Group Press Office
hicham ramadan
[email protected]

Source link

- Advertisement -

New Articles