[ad_1]
Offering fibre to the atolls within the Indian Ocean
Qatari telecoms agency Ooredoo has offered its Myanmar division to the Singapore firm 9 Communications, in keeping with a firm announcement. The transaction had an enterprise worth of €568 million ($576 million) and a complete fairness consideration of €160 million ($162 million).
Ooredoo mentioned the sale is a part of its ‘strategic choices to give attention to markets the place Ooredoo is main’ and promised to make sure a easy transition with the least doable disruption ‘adhering to all native necessities’. The timing of closing will depend upon regulatory approvals and the monetary influence is predicted to be ‘non-material’ at Ooredoo Group stage, it mentioned.
In the meantime, within the Arabian sea area of the Indian ocean, Ooredoo Maldives has expanded its ‘SuperNet’ fibre-optic broadband service to Kudarikilu, an inhabited island of Southern Maalhosmadulhu Atoll, in keeping with international telco information specialist Telegeography. Prospects will now get mounted broadband speeds of as much as 100Mbps, it mentioned.
The nationwide regulator, the Communications Authority of the Maldives (CAM) awarded an Web Service Supplier licence to cellular operator Ooredoo in August 2015 and the agency launched business mounted voice and broadband companies within the capital Male in Could 2016, notes TeleGeography’s GlobalComms Database. Since then, fibre-to-the-home (FTTH) companies have been expanded to over 75% of the nation, together with Olhuvelifushi in Lhaviyani Atoll, Kanditheemu in Shaviyani Atoll and Dhanbidhoo in Laamu Atoll, all of which gained protection final month, and most lately Baarah in Haa Alif Atoll.
[ad_2]
Source link
