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HGC is going to acquires a majority stake in GTMH, a leading network service provider in Myanmar

August 2018

HGC Global Communications Limited (HGC), a full-fledged fixed-line operator and ICT service provider with extensive local and international network coverage and infrastructure, is pleased to announce that on 3 August 2018 a conditional share purchase agreement was signed, in the presence of Consul-General of the Republic of the Union of Myanmar and representatives from the Hong Kong Macau and Myanmar Chamber of Commerce & Industry (HKMMCCI) in Hong Kong, between a fellow subsidiary of HGC and the shareholders of Golden TMH Telecom Company Limited (GTMH), whereby HGC Group will effectively become the majority shareholder of GTMH on closing of the transaction. The closing of the transaction is subject to the fulfilment of certain conditions precedent, including, among others, the approval from the local regulators. HGC shall make another announcement when the transaction is completed.

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