"EXCLUSIVE Qatar telecoms firm Ooredoo in talks to sell its Myanmar unit - sources" 20 July 2022

Qatari telecommunications firm Ooredoo is in talks to sell its Myanmar unit in what would mark the exit of the country's last foreign telecoms operator, two people familiar with the matter told Reuters.

The people said Doha-based Ooredoo has informed Myanmar's Posts and Telecommunications Department (PTD), the country's regulator, of its intention to sell a unit that was Myanmar's third-biggest operator with nearly 15 million users in 2020, before the industry was disrupted by February 2021's military coup.

The main potential buyers for the company include Myanmar conglomerate Young Investment Group, Singapore-headquartered network infrastructure operator Campana Group, and telecoms company SkyNet...

The people said talks with the three suitors have not yet reached final stages.

Ooredoo did not immediately respond to emailed requests for comment.

Calls to a spokesman for the Myanmar junta, to the PTD, Skynet and Young Investment Group were not answered. Campana Group said it had no immediate comment.

Reuters could not immediately determine how much Ooredoo has invested in Myanmar...

The telecoms sector in Myanmar has faced increased pressure since the military seized power in 2021...

Ooredoo is the last majority foreign-owned telecoms company in Myanmar after Norway's Telenor withdrew from the country in March this year in a departure mired in difficulty...