Webb Henderson has ventured some distance from its humble origins as a trans-Tasman firm with its latest achievement: the firm has been appointed as legal and regulatory advisors to Qatar, Abu Dhabi and London-listed communications company Ooredoo for its Myanmar operations. The firm is advising Ooredoo on strategic regulatory, corporate and commercial matters as Ooredoo prepares to launch its new telecoms business in Myanmar next year.
Ooredoo has been selected as one of the two new foreign telecoms licensees in Myanmar, a country of nearly 60 million people that is just beginning to open itself up to international investment. The other new telecoms licensee is Telenor from Norway.
Ooredoo has a market capitalisation of over US$10 billion and reported 2012 revenues of US$9.3 billion. Ooredoo has approximately 91 million customers across its footprint.
“We are delighted to assist Ooredoo in this significant new undertaking,” said Webb Henderson partner Malcolm Webb. “It is fascinating to be involved in the early stages of bringing a modern communications service to Myanmar.”