Apr 6, 2013

George Soros in consortium bid for Myanmar telecom license

A private investment fund linked to billionaire George Soros is bidding with a consortium for a new telecommunications license in Myanmar, the consortium leader said Thursday.

Quantum Strategic Partners, whose principal investment adviser is Soros Fund Management, is bidding with consortium leader and telecom provider Digicel Group Limited and YSH Finance, a newly established holding company, Digicel said in a statement.

“The liberalization of the telecommunications market in Myanmar will serve as an important economic stimulus for the country,” Soros said in the statement.

A Soros spokesman declined to comment further.

Source: The China Post

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