Nov 27, 2012

MDR eyes Myanmar's telco industry

MDR Ltd is planning to set up a joint-venture company with three other firms to break into the telecommunications industry in Myanmar.

MDR signed a non-binding heads of agreement with Be-Well (Myanmar) Company Ltd, Be-Well Corporation Pte Ltd and Avitar Enterprises Pte Ltd, to form a JV firm. MDR will hold a 51 per cent stake in this tie-up.

The JV company aims to provide after-sales services for telecommunication devices.

It is also looking to provide exclusive consultancy and retail franchisee procurement services for Myanmar-based Golden Myanmar Sea Co Ltd (GMS).

Source: The Business Times