Telenor keeps 2015 outlook with Myanmar gains, stable Norway

Norwegian mobile phone operator Telenor(TEL.OL) reported second-quarter earnings a touch below expectations on Wednesday but kept its full year revenue and margin guidance and said its rapid growth in Myanmar continued. Telenor said its earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 11 percent to 10.57 billion Norwegian crowns ($1.30 billion) compared to expectations for 10.77 billion crowns in a Reuters poll of analysts. Competition and a weak economy in … [Read more...]

“Competition, watch out’ says Telenor Myanmar CEO, as subs over 10 million

Telenor Myanmar’s second quarter (Q2) results have exceeded expectations once again. By July, the Norwegian operator had secured more than 10 million subscriptions, with much higher numbers of data users than anticipated, said Petter Furberg, the company’s Myanmar CEO, at a press conference in Yangon yesterday. “The biggest surprise for Telenor is that 55 percent of our customers are data users on a monthly basis – most on smartphones,” he said. “Yes, Myanmar people like to talk – they are … [Read more...]

Myanmar Mobile Internet Users Spend Most Time on Social Media: Opera

Myanmar’s mobile internet users spend most of their time on social networking websites, a new report shows. When it comes to social media, the majority of time spent using mobile internet is spent on Facebook, followed by Twitter, said Opera Software, the makers of the Opera Mini web browser, in its state of the mobile web report for Myanmar. The report is based on the aggregated data gathered from Opera Mini users in the country. The report said six out of every 10 pages viewed by … [Read more...]

Telenor switches on in Kayah State with handful of cell towers

Telenor Myanmar switched on its network of 13 towers in Kayah State yesterday, as the telco works toward expanding across the country. Currently, the Norwegian firm’s Kayah State towers are clustered around its largest city Loikaw, but Telenor Myanmar CEO Petter Furberg said it is still early days for local coverage. “We are still in a very early stage of our rollout in Kayah, but we assure customers that we will continue investing in both sites and fiber solutions to deliver a solid … [Read more...]

Myanmar’s first electronic bill payment solution launched

2C2P a leading Southeast Asian (SEA) payment services provider, and Myanmar Payment Union (MPU), the national payment network of the Republic of the Union of Myanmar, have launched Myanmar’s first electronic bill payment solution, easyBills according to a media release on 9 June. 2C2P and MPU are providing a non-cash payment option for prepaid phone top up, eliminating what was previously a cash-based, over the counter transaction. MPU consists of 21 local banks from the private and public … [Read more...]

There’s an App For That (in Myanmar)

Emerging from years of censorship to capitalize on growing demand for local apps, developers jump straight to mobile. In 2004, the same year Facebook was launched by Mark Zuckerberg and his college roommates, an 18-year-old in Yangon was hard at work on Myanmar’s first smartphone app. Their lives couldn’t have been more different. While Silicon Valley was already awash in cash and glamor, Myanmar’s military junta was restricting access to the web. All but a few pages were blocked. Luckily … [Read more...]

Telenor Numbers Begin New Code, Service Area Widens

Telenor has begun to distribute a new series of SIM cards with phone numbers beginning with “78”, where previous cards began with “79”. The Norwegian firm’s network began operations in September last year, and since then it has gathered 6.4 million users in 10 states and regions around the country. “Telenor Myanmar has produced approximately 1.5 million SIM cards per month, but we cannot disclose the exact number,” a company spokesperson told Myanmar Business Today. The firm has 1,850 … [Read more...]

Telecom price war intensifies

The price war in Myanmar's telecoms industry has intensified as the two foreign players stepped up their efforts to dominate the market with cheaper internet packages. The latest battle took place on May 26 when Qatar's Ooredoo announced that it would cut its 3G internet charge from Ks10 per MB to Ks6 for non-contract customers. Ross Cormack, CEO of Ooredoo Myanmar, announced at a press conference: "Our new 3G internet named 'Phalan Phalan Internet' will be available from midnight. You … [Read more...]

Shweproperty.com secures more foreign investment into Myanmar’s fast emerging Tech Sector.

Shweproperty.com is proud to announce their recent win in securing new foreign investment from serial Entrepreneur and investor: Justin Sway, to support and grow their online business in Myanmar. Shweproperty.com, is an online Real Estate Industry website and was the first online property website in Myanmar. The website was founded in 2011 and is now one of Myanmar’s leading and fastest growing companies in the property website industry today. Mr. Kaung Thu Win, the Founder and Managing … [Read more...]

Bad reception Telenor and Ooredoo pick new tower firms

After months of delays due to intense negotiations over pricing and terms, Ooredoo and Telenor have signed a second round of purchase orders for telecommunications towers. But two of the four towers companies originally hired as official vendors have so far been left empty-handed, and two newcomers have been hired instead. Norway’s Telenor has placed a new order for over 700 towers from Apollo Towers and an order for “roughly” 700 towers from a subsidiary of Young Investment Group called … [Read more...]