[Myanmar] Telenol and Wave Money Agreement (NNA) --Yahoo! News

Wave money agency that raises signboards in the Yangon market = 20 years (NNA)

　By the 18th, Norwegian mobile phone telenol group and Myanmar Zaibatsu, Yoma Stratagic Holdings, will sell 51 % of the shares owned by Terenol at the largest mobile remittance of Yoma's umbrella, "Wave Money" operating company. He announced that he agreed. The sale amount is $ 53 million (about 6068 million yen). Terenol has been in the February 2021 coup and has announced that it will withdraw from Myanmar mobile phone service. The two companies made a statement on the 17th. Terenol, the largest shareholder of the Wave Money operator, Digital Money Myanmar, will sell all shares to Yoma MFS Holdings. After the sale, Yoma MFS will be the largest shareholder holding 90 % of the shares. In May 20, before the coup, Yoma announced that it would strategic tie -ups with the Alibaba Group, Alibaba Group, the largest Chinese Electronic Commercial Transaction (EC). In November of the same year, Yoma acquired Digital Money Myanmar's telenol, and said that he would accept the investment of Alibaba's financial subsidiaries, but was delayed. Yoma does not mention the promotion of alliances with Alibaba following the acquisition of Terenol shares. Melvin Pan's CEO (CEO) said that the reconstructed investment by the acquisition said that it would "strengthen Yoma's desire to build a long -term financial technology ecosystem to Myanmar," and motivated him to expand its business. I showed you. In Myanmar, mobile phones have spread rapidly after the transfer of mobile phones after the transfer in 11 years. According to yoma, the number of wave money agencies has increased to 45,000 by 20 years, reaching the same year's remittance of $ 8.7 billion. It is said to be 12 % of the gross domestic product (GDP). He explained that the coup had a coup for 21 years after June. Telenol has rushed to withdraw business from the Myanmar market after the coup in February 2001, due to human rights issues. In July of the same year, it stated that all shares held by Terenol Myanmar, the second largest mobile phone service market, will be sold to Lebanon's investment company M1 for $ 150 million. However, in addition to the approval of national authorities, civil society and others have been strongly accused of transfer of business by the M1 group, and has strongly accused the business transfer.