Digicel Asian Holdings has signed an agreement with Ooredoo Myanmar to develop, construct and lease telecommunications towers in Myanmar.
Digicel Asian Holdings is a consortium of Digicel Group, Yoma Strategic and First Myanmar Investment Company Limited.
The value of the transaction was not disclosed.
"Digicel's Myanmar unit, will be among the first telecommunications tower companies to begin construction in the Southeast Asian country. Through its multi-tenancy towers, it will help all telecommunications operating firms achieve their aim of rapidly deploying telecommunications coverage across the country," said a release from the Digicel Group.
Digicel and partners previously attempted to enter Myanmar by bidding on a telecommunications licence, but lost out back in June to Ooredoo of Qatar and Norway's Telenor.
The Digicel consortium is now partnering with Ooredoo on the towers deal.
With less than six million cell phones and 110,000 Internet users, Myanmar is only ahead of North Korea in its low level of mobile penetration.
First Myanmar and Yoma Strategic are parts of Serge Pun and Associates group of Myanmar.