Benchachinda Group launches JV in Myanmar for broadband services

The Benchachinda Group plans to expand its business to Myanmar and in collaboration with three other companies and a local business partner, it has now set up the Myanmar Information Highway Limited (MIH) to build up Myanmar’s broadband services for efficient communications.

Benchachinda’s president, Vichai Bencharongkul, said the group’s investment in international businesses in Myanmar is the first of a few foreign investments in other nations. According to him, Benchachinda Group has now partnered with four other firms in establishing the MIH. Also a part of this joint venture are United Information Highway (UIH), ALT Telecom, United Distribution Solution, A&F Communication, and a local business partner.

MIH is set to capitalise on the broadband-business expertise of UIH, which has served customers in Thailand for well over 20 years already, the solid technological knowhow of Benchachinda Group’s top-firm partners as well as the experience of the local partner in navigating Myanmar’s business environment. MIH’s mission is to accommodate Myanmar’s rising demand for high-speed data connectivity through the delivery of efficient broadband services.

“MIH will provide international-standard broadband services in Myanmar. At present, it has already won the right of way to lay down fibre-optic network from Yangon Electricity Supply Corporation. MIH will start the infrastructure installations in the authorised zones,” Vichai says.

Your daily Nation is available as of today in ePaper format with the subscribers also getting Indonesia’s Jakarta Post, Philippine Inquirer and Myanmar Eleven free of charge.

1 week $3.50 USD

1 month $12.50 USD

3 month $35.00 USD

6 month $65.00 USD

12 month $115.00 USD

Vichai revealed that MIH has set its sights on becoming the “leading premium-broadband provider in Myanmar”. In pursuit of this vision, MIH will set up broadband infrastructure for high-speed communications in Myanmar and deliver services that are on par with Thailand’s broadband standard. In the first year of the investment, installations will take place in Yangon before expanding further to other major economic cities.

MIH’s major target customer groups are: Enterprises in the manufacturing industries and the service industry, particularly three- to five-star hotels; financial institutions, banks, retailers, industrial estates, and households.

Vichai added that as an investor from Thailand, Benchachinda Group is confident that these target groups will soon find fast and efficient communication are a necessity. On its part, Benchachinda Group is ready to provide broadband services in Myanmar and also plans to interconnect the MIH and UIH networks to facilitate international connectivity and Internet services.

“MIH guarantees that its service quality will be on par with that of UIH. Its three strengths are fast installation, international-standard Service Level Agreement and 24-hour support service,” Vichai added.

Source: The Nation

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here