Fourth Telco Licence in The Offing

The Ministry of Communications and Information Technology (MCIT) has invited proposals from local public companies to provide telecommunications services jointly with a foreign firm in the country. This is the fourth telecom licence being offered by the authorities after Myanmar liberalised its telecommunications sector last year by dishing out operating licences to two foreign operators […]

Myanmar scraps proposed 5 per cent tax on phone top-up cards as telecom industry boom

YANGON: Myanmar scrapped a proposed 5 per cent tax on mobile phone top-up cards after lawmakers voted against the levy, the state-owned Global New Light of Myanmar newspaper said on Thursday, as one of the world’s once least connected nations fast catches up. The tax was first announced in a surprise move by the telecommunications […]

Myanmar Tower Co in talks for firm’s sale

Myanmar Tower Company (MTC), which is owned by Digical Asian Holdings, a joint venture between Digicel Group and YSH Finance, has been put up for sale, including all its contracts and sites, according to several market sources. Several companies have made an initial bid and are now carrying out the due diligence process on MTC, […]

Local consortium to claim Myanmar’s fourth telco licence

Yatanarpon Teleport (YTP) is working with a management committee to form a consortium of local partners, which will bid jointly for Myanmar’s coveted fourth telecommunications operator licence, according to YTP chief executive officer U Shane Thu Aung. After years in which the telecommunications sector was dominated by state-owned monopoly Myanma Posts and Telecommunications (MPT), in […]

Yatanapon Teleport Plc to raise $1bn capital

Yatanapon Teleport is planing to raise a total capital of Ks 1 trillion (over US$1 billion) as it switched from a wholly state-owned enterprise to the public company, said a source close to the company. Yatanapon Teleport is one of the two local rivals against the two foreign mobile operators in Myanmar_ Norway’s Telenor and […]

Qatari telco sets sights on 3G

The firm was one of two successful applicants alongside Norway’s Telenor for Myanmar mobile licences in June, catching attention with plans to invest US$15 billion over the first 15 years of domestic operations. Ooredoo expects to review and receive the actual licence later this year and put up a $200 million performance bond after the […]