Telenor’s planned sale of its 51 percent stake in Myanmar s Wave Money, a digital payment service provider, for $53 million to a subsidiary of Yoma Strategic, mentioned in these pages in early January, is finally going through.
Norwegian telecom operator Telenor has agreed to divest its 51 percent stake in Wave Money, one of Myanmar's largest mobile payment services, according to local media reports.
Yoma takes majority share in Wave Money mizzima.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mizzima.com Daily Mail and Mail on Sunday newspapers.
Ayala Corporation is investing a total of $237.5 million for the acquisition of minority stakes in two firms with extensive business interests in Myanmar: Singapore-listed Yoma Strategic Holdings Inc. (YSH) and First Myanmar Investment Public Co. Ltd. (FMI). In a disclosure to the Philippine Stock