 | This article needs additional citations for verification .(October 2024) |
 | |
| 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 became Prime Minister of Lebanon in 2005, 2011 and again in 2021. [2] M1 Group 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:
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 telecommunications market in 2013.
Telenor ASA is a Norwegian majority state-owned multinational telecommunications company headquartered at Fornebu in Bærum, close to Oslo. It is one of the world's largest mobile telecommunications companies with operations worldwide, but focused in Scandinavia and Asia. It has extensive broadband and TV distribution operations in four Nordic countries, and a 10-year-old research and business line for machine-to-machine technology. Telenor owns networks in 8 countries.
The Lebanese Broadcasting Corporation International, widely known as LBCI, is a private television station in Lebanon. LBCI was founded in 1992 by acquiring the assets, liabilities and logo of LBC, an entity founded in 1985 during the Lebanese Civil War by the Lebanese Forces militia. LBCI went global in 1996 when it launched its satellite channel LBC Al-Fadha'iya Al-Lubnaniya covering Lebanon, the Arab world, Europe, America, Australia and Africa.
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, trading as Viettel or Viettel Group, is a Vietnamese state-owned multinational telecommunications, technology and manufacturing conglomerate headquartered in Hanoi, Vietnam. The enterprise is under the direct administration of the Vietnam Ministry of National Defence, making it a military enterprise and officially a major production unit under the Vietnam People's Army.
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.
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.
Justice For Myanmar is a covert group of activists campaigning for justice and accountability for the people of Myanmar. Justice for Myanmar's public website launched on 28 April 2020. Since its launch, the group has published a number of high-profile exposés related to the business dealings of high-ranking military and government officials in the country, in a campaign to publicly pressure the dismantling of the Burmese military's business practices and systemic corruption.
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.
The Hariri family is a prominent family from Lebanon, involved in politics and business. They are Jordan's largest real estate property investors.
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.
