The main potential buyers for the company include Myanmar conglomerate Young Investment Group, Singapore-headquartered network infrastructure operator Campana Group, and telecoms company SkyNet, owned by Myanmar group Shwe Than Lwin.
Ooredoo had 9 million customers in 2022, according to its earnings, down from 15 million in 2020, for which it reported revenue of about $330 million.
Norway’s Telenor withdrew from the country in March this year. Telenor’s former unit in the country is now majority-owned by Myanmar firm Shwe Byain Phyu, with a minority stake purchased by Lebanese investment firm M1.
Other telecoms service providers in the country are MPT, a large state-backed operator, and Mytel, a venture between Myanmar’s army and Viettel, owned by Vietnam’s defence ministry.