MDR Limited forms joint venture to provide telecom services in Myanmar

Singapore’s MDR Limited has formed a JV with Avitar Enterprises Private Limited and Be-Well Corporation Private Limited to provide after-sales care and telecom services in Myanmar. Be-Well (Myanmar) Company Limited, a subsidiary of Be-Well Corporation Private Limited, also has a share in the JV. The stakeholdings in the JV are as follows: MDR 51 per cent stake, Be-Well company 40 per cent, and Avitar 9 per cent.