 | |
| Company type | Private |
|---|---|
| Industry | Finance, investment |
| Founded | 2007 |
| Founder | Taha Mikati Najib Mikati |
| Headquarters | Beirut, Lebanon |
Key people | Azmi Mikati (CEO) |
| Website | www.m1group.com |
M1 group is a diversified investment holdings group based in Beirut, Lebanon. Its CEO is Azmi Mikati. [1]
The business was created in the early 1980s by Taha Mikati and Najib Mikati, the latter of whom became Prime Minister of Lebanon in 2005, 2011 and again in 2021. [2] It began in the construction sector. During the 1980s it expanded into telecommunications and formed the basis of their flagship company Investcom. In 2005, Investcom employed more than 5000 people with a presence in ten countries across three continents. Its gross earnings reached $660 million. When listed on the London Stock Exchange and that of Dubai on 6 October 2005, it had a market capitalization of $3.3 billion and was among the largest companies in the Middle East.
In June 2006, the South African company MTN bought Investcom for $5.5 billion, [3] thereby becoming the first mobile phone corporation for the middle eastern market.
In 2007, the Mikati brothers founded M1 Group, which now comprises:
In February 2010, M1 Group acquired 50% of the EFG-Hermes stake in the Lebanese Bank Audi, the largest bank in the country, for $450 million.[ citation needed ]
According to a UN-report from 2019, Irrawaddy Green Towers has business interest with the Myanmar military through Mytel, [6] M1 Group, is one of the shareholders along with the International Finance Corporation (IFC) in Irrawaddy Green Towers. The Burma Campaign UK placed M1 Group, along with Google, Apple and many other international companies on their "dirty list", M1 was placed due to being "a major shareholder in Irrawaddy Green Towers, a mobile phone tower company which works for the military joint venture Mytel." [7] [8]
After the 2021 Myanmar coup d'état, the Military junta told telecom companies in Myanmar that "they had until Monday July 5 to fully implement intercept technology they had previously been asked to install to let authorities spy on calls, messages and web traffic and to track users by themselves". [9] Under these circumstances Telenor found it impossible to stay in the country, and proposed to sell its Myanmar business to the M1 group for $105 million. [10]
Myanmar has begun the liberalization of its Telecommunication market in 2013.
KT Group is a family-owned business enterprise in Myanmar, with business interests in aviation, real estate, container ports, and oil and gas. KT Group is led by Jonathan Kyaw Thaung, its CEO. The Kyaw Thaung family also operates a network of 28 subsidiaries and associated businesses, including Ky Tha Group. KT Group also operates a charitable arm, KT Care, founded in 2008.
Censorship in Myanmar results from government policies in controlling and regulating certain information, particularly on religious, ethnic, political, and moral grounds.
The Military Industry and Telecoms Group, doing business as Viettel or Viettel Group, is a Vietnamese state-owned multinational telecommunications, technology and manufacturing conglomerate headquartered in Hanoi, Vietnam. The enterprise is run by the Vietnam Ministry of National Defence, making it a military-associated corporation.
Najib Azmi Mikati is a Lebanese politician and businessman who has served as the prime minister of Lebanon since September 2021. He also leads a cabinet that has assumed the powers of the president of Lebanon since the term of president Michel Aoun ended in October 2022. He has previously served as Prime Minister from April to July 2005, and from June 2011 to February 2014. He also served as Minister of Public Works and Transport from December 1998 to 2003.
Façonnable is a high-end men's and women's clothing brand founded in Nice, France by Jean Goldberg in 1950. It is currently owned by M1 Group, a holding company in Beirut, Lebanon.
Taha Mikati is a Lebanese billionaire businessman, the brother of fellow billionaire and current prime minister of Lebanon Najib Mikati. He is the co-founder of Investcom, the M1 Group, and the Mikati Foundation.
Fahd Hariri is a Lebanese billionaire heir and property developer, the youngest son of Rafic Hariri.
Azmi T. Mikati is a Lebanese businessman. He is the CEO of M1 Group, a company founded by his father and uncle.
Telenor Myanmar was a telecommunications brand in Myanmar (Burma) between 2014 and 2022. It was established as a subsidiary of the Norwegian Telenor Group, and was sold off to the Lebanese M1 Group in the aftermath of the 2021 Myanmar coup d'état. After a lengthy regulatory process, Myanmar authorities approved the transaction on 18 March 2022. The company rebranded to ATOM on 8 June 2022.
Ooredoo Myanmar is a telecommunications company in Myanmar.
Soe Htut is a Burmese military officer and former Minister for Home Affairs of Myanmar. Soe Htut is a career soldier, and currently holds the rank of Lieutenant General.
Mytel is a major telecommunications company in Myanmar (Burma), as one of four national carriers. Mytel is operated as a joint venture between the Burmese military and Viettel, which is owned by Vietnam's Ministry of National Defence. Mytel has been criticized and scrutinized for serving as a major source of revenue for the Burmese military.
Aung Pyae Sone is a Burmese business tycoon who owns a number of major companies, including Sky One Construction Company and Aung Myint Mo Min Insurance Company. He is also reportedly the biggest shareholder in national telecoms carrier Mytel. He is the son of Senior General Min Aung Hlaing, the current leader of Myanmar, concurrently serving as Chairman of the State Administration Council and Commander-in-Chief of the Myanmar Armed Forces.
Khin Thiri Thet Mon, also known as Ma Thiri, is a Burmese businesswoman and daughter of Burmese army general Min Aung Hlaing, the current prime minister and Chairman of the State Administration Council which has ruled the nation after the 2021 Myanmar coup d'état.
The People's Defence Force is the armed wing of the National Unity Government in Myanmar. The armed wing was formed by the NUG from youths and pro-democracy activists on 5 May 2021 in response to the coup d'état that occurred on 1 February 2021 that put the military junta and their armed wing the Tatmadaw in power. The military junta designated it as a terrorist organisation on 8 May 2021. In October 2021, NUG's Ministry of Defence announced that it had formed a central committee to coordinate military operations across the country.
Thein Aung was a Burmese business executive who was the chief financial officer (CFO) of Myanmar's major telecommunications company, Mytel. He was a retired major in Myanmar Navy, held leadership positions in multiple military-owned ventures, including as the general manager of the conglomerate Myanmar Economic Corporation and its subsidiary Star High Co., Ltd.
Thein Win Zaw is a Burmese entrepreneur. He is the founder of Shwe Byain Phyu Group, a conglomerate company active in businesses such as petrol stations, timber, and food exports.
ATOM Myanmar, is a telecommunications company in Myanmar (Burma). After the 2021 Myanmar coup d'état, Telenor divested its Telenor Myanmar operations, selling it to the joint venture owned by Lebanese M1 Group and Shwe Byain Phyu. The company officially rebranded as ATOM on 8 June 2022. As of September 2022, ATOM Myanmar's CEO is Muhammad Ziaullah Siddiqui.
