Ooredoo raises $300 million from IFC, ADB

Ooredoo Myanmar has raised US$300 million through a loan from the Asian Development Bank and International Finance Corporation, to fund the rollout of its network. In an announcement on February 7, the Qatari operator said the ADB and IFC would provide $150 million each, though provided no details of the terms of the financing. Last […]

Telenor Myanmar turns one

Telenor Myanmar is celebrating its first birthday, having launched its service in Mandalay one year ago. On September 27, 2014, the firm officially became Myanmar’s third mobile operator about 8 months after it got its licence by launching services in Mandalay on 70 sites. Its foreign rival, Ooredoo Myanmar, had arrived in the city several […]

Telenor to Spend $75m to Expand 3G Network

Telenor Myanmar will spend $75 million to acquire greater data bandwidth for its internet services from government-run data connections. “Some regions have had difficulty with their internet connections, requiring us to improve and expand our 3G network,” said Petter Furberg, Telenor Myanmar CEO. “When people use a lot of data, customers are switching to other […]

Mobile phones see phenomenal growth: report

Myanmar’s mobile subscription count grew 87 percent year-on-year, to 10.7 million at end-September 2014, pushing mobile penetration to 19.9 percent, up from 12.5 percent at end-2013, according to global analyst firm Ovum in a press release on March 12. According to the latest forecast report, mobile subscriptions will grow at a 21 percent CAGR, to […]

Ooredoo rolls out to Mon State

Ooredoo Myanmar has extended their 3G network to more of Myanmar, including townships in Mon State. The Qatar-based telco expanded 3G service to six townships in Mon State: Pound, Mudon, Belin, Mawlamyine, Kyaik Hto, and Thaton. It will roll out to another four townships in the area soon, the company said. The firm also plans […]

Revo Tech Wants To Be A Leader In Myanmar’s Growing Startup Ecosystem

After years of dealing with slow and expensive broadband connections, many Myanmar Internet users finally got access to affordable 3G thanks to recent service rollouts by telecoms Telenor and Ooredoo. A Yangon-based mobile app company called Revo Tech hopes to take advantage of the country’s speedier Internet by becoming a “first mover” in its startup […]

Ooredoo to sell SIM cards according to market demand

Ooredoo Myanmar has refuted rumours that only 20 SIM cards will be distributed to each retail store and confirms that it will provide as many SIM cards as the market demands. “Everyone may have as many SIM cards as they want,” said Thiri Kyer Nyo, information officer for Ooredoo. Ooredoo’s SIM cards will be 3G […]

Telenor plans September launch

Norway-based telecommunications company Telenor is planning to launch its network in Myanmar in September, it announced in a June 3 news release. Telenor says it will launch the network after building 1,000 mobile phone towers, and it plans to erect up to 400 a month until it has a total of 8,000. Telenor’s 3G network […]