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BRIEF-Qatar's Ooredoo Announces Sale Of Its Telecom Business In Myanmar To Nine Communications PTE

Sept 8 (Reuters) - OOREDOO QPSC:

* ANNOUNCES SALE OF ITS TELECOM BUSINESS IN MYANMAR TO NINE COMMUNICATIONS PTE. LTD

* ENTERED INTO A DEFINITIVE AGREEMENT TO SELL 100 PERCENT OF ITS EQUITY IN OOREDOO ASIAN INVESTMENTS PTE LTD. (SINGAPORE), THE PARENT COMPANY THAT OWNS 100 PERCENT OF OOREDOO MYANMAR LTD. AND 100 PERCENT OF OOREDOO MYANMAR FINTECH LTD. TO NINE COMMUNICATIONS PTE. LTD.

* SALE OF ITS TELECOM BUSINESS IN MYANMAR TO NINE COMMUNICATIONS PTE. LTD FOR AN ENTERPRISE VALUE OF USD 576 MILLION

* TRANSACTION HAS BEEN APPROVED BY BOARD OF OOREDOO AND OF NINE COMMUNICATIONS PTE. LTD, AND REMAINS SUBJECT TO CUSTOMARY CLOSING CONDITIONS, INCLUDING REGULATORY APPROVALS IN MYANMAR Further company coverage: