Singaporean telecoms companies to cooperate with license winners

Singaporean telecommunication companies including Myanmar Fibre Optic Communication Network Co. Ltd., Digicel Myanmar Tower Co. Ltd. and Apollo Towers Myanmar Limited based in Myanmar are working together with two license winners, Ooredoo and Telenor, to strengthen the telecommunication network in Myanmar, sources say. They have been granted the permission in Myanmar Investment Commission (MIC) (8/2014) meeting held at March 3. The three companies will provide telecommunication network … [Read more...]

Thailand’s True Seeks Foreign Partner for Southeast Asia Expansion

BANGKOK — Thai telecommunications group True Corp PCL wants to take on a foreign partner in the second half of this year to help it expand in Southeast Asia, its chief executive said on Thursday. True Corp, controlled by Thailand’s richest man Dhanin Chearavanont, plans to offer any potential partner new shares equivalent to about quarter of its existing equity, Chief Executive Suphachai Chearavanont told reporters. “We prefer to raise funds via an equity issue to open way for a foreign … [Read more...]

Myanmar’s Telecom Industry To Get $1B Foreign Investment (FDI) From Telenor, Ooredoo And Other Companies In 2014

Myanmar's telecom sector is expected to be a rock star in terms of attracting foreign investment in the coming year, with about 20 percent of the $4 billion to $5 billion the Southeast Asian nation is projected to receive coming from Norway's Telenor, Qatar's Ooredoo and other foreign telecom firms. Telenor and Ooredoo were finally awarded their formal licenses to begin operations last month, more than half a year after their win. The companies are expected to quickly roll out telecom network … [Read more...]

Telcoms Seen Taking Growing Share of Myanmar’s FDI Pie

NAYPYIDAW — The Myanmar Investment Commission expects that foreign direct investment in Myanmar will reach between US$4 billion to $5 billion in the coming 2014-15 fiscal year, with the country’s telecommunications sector seen as a rising star in attracting overseas business interest. Aung Naing Oo, director-general of the Directorate of Investment and Company Administration and a member of the Myanmar Investment Commission (MIC), told The Irrawaddy in Naypyidaw last week that the telecoms … [Read more...]

Thailand’s True in talks to operate mobile service in Myanmar

BANGKOK/YANGON, Feb 26 (Reuters) - Thailand's True Corp Pcl is in talks with Myanmar's Yatanarpon Teleport (YTP) on jointly starting mobile phone operations in Myanmar, a senior True executive said on Wednesday. "We are in the process of negotiating with YTP. If successful, we need to seek approval from True Corp's board and then we will inform the Stock Exchange of Thailand," Chief Financial Officer Noppadol Dej-Udom told Reuters. Myanmar has one of the lowest mobile penetration rates in … [Read more...]

Employment Market Surge Expected

Youths in Myanmar look set to take advantage of the increasing number of businesses arriving in the country, as job opportunities will be created, according to sources within the employment industry. U Than Soe, editor-in-charge of Job Opportunity Journal told Myanmar Business Today that a mushroom in sales and service centres would benefit the local employment market. Others in the employment industry urged young people looking for work to maintain professionalism if they want to gain … [Read more...]

Ooredoo, Telenor Finally Set to Get Myanmar Telecoms Licenses

YANGON — Qatar’s Ooredoo can begin rolling out a telecommunications network in Myanmar after its license is formally awarded this week, a senior government official said on Wednesday. Myanmar announced in June that Ooredoo and Norway’s Telenor Group had won licenses after a hotly contested bidding process to develop networks in one of the world’s least connected countries. A senior government official said the license would be granted to Ooredoo at a ceremony on Thursday in the capital, … [Read more...]

Big Year for Myanmar Economic Reforms

: Myanmar’s parliament reconvened on January 13 with some 30 crucial proposed bills on the table, among them the establishment of a special economic zone law, mining regulations and the revamping of the foreign investment law. One thing was abundantly clear, 2014 is going to be a busy year. The stage for continued economic reform in this once isolated country was set by a series of unprecedented milestones last year, including the announcement of two international telecommunications firms … [Read more...]

Private telecom companies soon to be given licenses

The government is expected to issue two private telecom licenses within the next two weeks, according to sources from Ooredoo Myanmar. This will allow both Ooredoo and Telenor, the two winners of last year's bid to operate private telecommunication businesses in Myanmar, to begin providing mobile services. "We are preparing to work out building 3G networks, implementing a distribution plan, drawing market plan, and implementing social, economical and financial benefits plans for the … [Read more...]