General Announcement::APPOINTMENT OF OOREDOO'S DISTRIBUTOR IN MYANMAR

Issuer & Securities

Issuer/ Manager
MDR LIMITED
Securities
MDR LIMITED - SG1N26909308 - A27

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
21-Jul-2014 17:57:04
Status
New
Announcement Sub Title
APPOINTMENT OF OOREDOO'S DISTRIBUTOR IN MYANMAR
Announcement Reference
SG140721OTHRQWXB
Submitted By (Co./ Ind. Name)
ONG GHIM CHOON
Designation
DIRECTOR AND CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of mDR Limited (the "Company") wishes to announce that MDR Golden Myanmar Sea Company Limited ("MDR Golden"), the business partner of the Company's subsidiary, MDR Myanmar Company, Limited ("MDR Myanmar") has executed a 3-year Distribution Agreement with Ooredoo Myanmar Limited ("Ooredoo"), to distribute SIM cards, top up cards and such other telecommunication services related products in 22 townships within the region of Mandalay, Myanmar.

Ooredoo is one of the two foreign telecommunication operators who have signed a nationwide telecommunication licence agreement with the Myanmar Government early this year. The rollout of mobile communication services by Ooredoo is expected by August 2014.


MDR Golden is proud to partner Ooredoo in its commitment to deliver a world-class mobile communication network and services to the people of Myanmar, and looks forward to a mutually beneficial business relationship that will grow alongside the rapid development of the telecommunication industry in Myanmar in the near future.

MDR Myanmar provides consultancy and retail franchisee procurement services to MDR Golden. The appointment of MDR Golden as a distributor of Ooredoo s products will assist MDR Golden in making inroads into the untapped telecommunications market with significant growth potential in Myanmar.

None of the Directors or controlling shareholder of the Company has any interest, direct or indirect, in the above-mentioned appointment.

A related press release has been attached with this announcement.

Attachments

Execution_of_Distribution_Agreement_with_Ooredoo.pdf
Press_Release_Distribution_Agreement_with_Ooredoo.pdf
Total size =259K