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SingTel, Yoma lose out on Myanmar bids Norway’s Telenor and Qatar’s Ooredoo outbid nine others to win the licences

SingTel, Yoma lose out on Myanmar bids Norway's Telenor and Qatar's Ooredoo outbid nine others to win the licences

By Kenneth Lim

"Moving on: SingTel says it remains 'committed to support Myanmar in its developments'.

SINGAPORE-LISTED companies Singapore Telecommunications (SingTel) and Yoma Strategic Holdings have been shut out of two highly sought mobile licences in Myanmar that the authorities awarded yesterday.

Norway's Telenor and Qatar's Ooredoo beat out nine other bids to take the licences, wire services reported. France's Telecom-Orange, with Japan's Marubeni Corp, was named as a reserve, in case negotiations between Telenor or Ooredoo and the Myanmar authorities fall through.

This is the first time that Myanmar is opening mobile telco licences to foreign players.

SingTel, which had been seen as a frontrunner by market observers, was in a consortium with Myanmar's KBZ Group and Myanmar Telephone Co."

~ Source: Reuters

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Daily Market Summary 20th May 2013

Daily Market Summary 20th May 2013

US Market rise as home sale rose towards 2009 high. Blmberg DJ +0.80% to 15354. S&P +1.03% to 1667. Nasdaq +0.97% to 3498.

Nikkei Market +0.79% as at 8:24am. Blmberg

A-Reit divests 6 pioneer walk for $32m. SGX

Cordlife to acquire business and assets in India, Philippines, HK and Indonesia. SGX

IndiaBulls FY13 net loss is -$107.5m Vs FY12 net profit of $9.3m. SGX

Mercator FY13 net loss is -US$78.4m Vs FY12 net profit of US$7.1m. SGX

Olam wins 2 business awards in 2 nights. SGX

SembCorp celebrates opening of US$1b water and power plant in Oman. SGX

Singtel: Optus to roll out Australia's first multi-band 4G network. SGX

Tiger Airways 4Q Loss After Tax $15m Vs S$16m Year Earlier

WE holdings to invest US$20m into Myanmar businessman's cement plant. SGX

Daily Market Summary 14 Feb 2013

February 14th, 2013 No comments

Daily Market Summary 14 Feb 2013

US stocks mixed on Wed . DJ -0.26% S&P +0.06%, Nasdaq +0.33. Blmberg

Nikkei stock exchange +0.31% as at 8:37a.m. Blmberg

Boustead 3Q12 net profit +343% to $26.8m. SGX

Civmec 2Q13 net profit +16.2% to $9.2m. SGX

Cordlife 2Q12 net profit +192.7% to $5.6m. SGX

Mercator 3Q12 net loss is US$72.8m compared to profit of US$1.1m a year ago. SGX

Perennial CRT 4Q12 distribution income is $11.1m, met expectation. SGX

Religare DPU of 1.66c for 19 Oct 12 to 31 Dec 12 exceeds forecast of 1.63c. SGX

Singtel 3Q13 net profit -8.3% to $827m. SGX

Note: The above information are meant to be factual and strive to be accurate. Should any mistake be spotted, please inform us.


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