Most expensive number auctioned at MMK 802 lakhs
March 25, 2016, Mandalay – Telenor Myanmar Limited’s (“Telenor”) second public auction of special numbers today netted a total of MMK 3,579 lakhs (357.9 million), from 43 special numbers auctioned.
Telenor announced earlier that all profits above the reserve price of MMK 3 million per number – in this case a total of MMK 2,289 lakhs (228.9 million) - will be donated to build a new monastic school building and digital education center in Myat Lay Yone Monastic School in Kwan Chan Gone Township, Yangon Division.
The highest single bid of the day was received for 0979 9999999, sold for MMK 802 lakhs (80.2 million). The auction process was assured by law firm MN Associates, and observed by audit firm Deloitte Touche Myanmar Vigour Advisory Ltd. Telenor also announced that it will hold future auctions in other states and divisions, for which dates and times will be announced in the future.
“Mandalay is the birthplace of Telenor. We launched our services firstly in Mandalay in September 2014. Today, we also had another memorable day in Mandalay. We believe that our loyal customers in Mandalay were inspired by the opportunity to support our education program for the children at Myat Lay Yone monastic school in Kwan Chan Gone,” said Joslin E Myrthong, Chief Marketing Officer (CMO) at Telenor.
About Myat Lay Yone Monastic School
Myat Lay Yone Monastic School is situated in Myat Lay Yone Part, Taw Khayan (West) Village under Kwan Chan Gone Township, Yangon Division. The school currently serves 140 students, and is registered under the Ministry of Religious Affairs. The school initially started as a summer reading session in 2011 and gradually developed as a post primary school as of today. Beginning 2016, the school will extend until Grade 8, but has no capacity to accommodate a large number of students without walls and protection from the weather.
“With the donations from the auction, we intend to fund the construction of a new school building, including a well maintained digital literacy centre to improve facilities and raise the quality of education for village children in the area. We will also explore collaborations with our existing CR programmes in digital literacy and digital education to further extend the reach and effectiveness of the donation,” said Min Thu, Head of CR at Telenor Myanmar.
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