| Announcement Title | General Announcement |
| Announcement Subtitle | APPOINTMENT OF OOREDOO'S DISTRIBUTOR IN MYANMAR |
| Securities | MDR LIMITED (MDR) |
| Date & Time of Broadcast | Jul 21, 2014 17:57 |
| Submitted By | ONG GHIM CHOON DIRECTOR AND CHIEF EXECUTIVE OFFICER |
| Description | 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. |
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