Soros poised for Myanmar deal after Voda exit

A BID financed by George Soros has emerged as one of the frontrunners to win the competitive bidding process to run a mobile network in Myanmar, after Vodafone pulled out.

Digicel, a mainly Caribbean-based operator owned by Irish billionaire Denis O’Brien, is one of 11 parties in the running ahead of a bid deadline tomorrow. A contract to operate one of the two licences on offer is one of the most lucrative opportunities in telecoms, given Myanmar’s young population and growing economy.

Digicel has been laying the groundwork for years, for example by sponsoring the country’s football federation, and does not have the same concerns as Vodafone, which was partnering with China Mobile.

The partnership pulled out citing commercial issues such as delays to communications legislation.