Myanmar Telecommunication Network (MTN) and Singapore-based Myanmar Towers Holdings (MTH) have signed MoU to construct communication towers.
The agreement was signed on Tuesday at the Park Royal Hotel in Yangon and the two companies plan to establish a joint venture to construct mobile towers and wireless communication services.
“We know that Myanmar has four communication operators now. Myanmar Posts and Telecommunication (MPT) was constructing the towers before but they can’t build them alone now. MTN has been organised as a public company and now we are cooperating with MTH for these services,” said Tin Win Aung, Executive Director of MTH.
MTH is registered in Singapore and is founded by Provident Capital Pte. Ltd. that has been constructing communication towers and basic infrastructure in Singapore for a long time. MTH is first established itself in Myanmar in October 2012 with an initial investment of 1,000 billion Kyats.
Source: Eleven Media