Seventeen Myanmar Firms Seek Myanmar Mobile Deal

YANGON (Reuters) – Seventeen local firms have applied to join a consortium that would operate Myanmar's fourth mobile phone network, a Ministry of Communication and Information Technology official said yesterday. Chit Wai, a deputy permanent secretary at the ministry, said only companies which have operated for at least three months and have at least 3 billion kyat ($2.4 million) in registered capital will be considered, adding that a list of the winning firms would be announced next … [Read more...]

Telenor Slashes Call Rate amid Stiff Competition

Telenor Myanmar has announced a new reduced tariff plan amid competition from its rival telecom operators in the country. The new “Super Pwar” plan, which became available to all Telenor customers on a subscription basis from August 20, offers voice rates for all calls made between Telenor subscribers at K18 per minute, down from K25 which was the highest among the telecom operators in Myanmar. State-run Myanmar Posts and Telecommunications (MPT) offers K23 per minute while Qatar’s Ooredoo … [Read more...]

Over $1 Billion Collected in Spectrum Fees from Telecom Firms: Minister

The government has received over $1.1 billion in spectrum usage fees from foreign telecom operators Ooredoo and Telenor, deputy minister for communications and information technology U Win Than told the parliament. The deputy minister revealed the amount in his response to the question from Hlaing township representative Dr Win Myint regarding how much the government earns annually from licensed operators at a session of the Lower House of Parliament. Ooredoo Myanmar and Telenor Myanmar … [Read more...]

Telenor Tries to Keep Network Operational as Flood Worsens

Telenor Myanmar said it is working closely with tower companies and local relief authorities to ensure their cellular network remains operational in the face of worsening flood conditions in parts of the country. The Norwegian operator announced last week that 41 of the 2,585 sites on Telenor’s network have either been shut down due to being submerged, or are inaccessible due to landslides and rising flood waters that are hampering recovery efforts. A majority of these sites are in Sagaing, … [Read more...]

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 data providers. … I welcome our competition, and have bought greater bandwidth from the government to boost our connection … [Read more...]

MIL buys equity stake in Apollo Towers

Apollo Towers raised US$30 million in equity from Myanmar Investments International Limited (MIL) on July 31, six weeks after receiving approval for a $250 million loan from the US government’s development finance arm, Overseas Private Investment Corporation (OPIC). The towers company, which was set up by former CEO of Orange Group Sanjiv Ahuja and US private equity firm TPG, will use the capital to build 717 towers – recently commissioned by Norwegian operator Telenor. Apollo has built … [Read more...]

Tender started for fourth mobile licence

The Ministry of Communications and Information Technology has invited local companies to submit proposals to form a special purpose vehicle and obtain the fourth integrated licence in the country. The winning proposal will ultimately be partnered with a foreign company, and will likely compete head to head against Telenor, Ooredoo and MPT, which have all received integrated licences already. Speculation has surrounded which companies would receive a fourth licence that was first announced … [Read more...]

Results reveal Ooredoo falling further behind rival Telenor

The gap between international operator Ooredoo and its rival Telenor has widened again this quarter, with Ooredoo reporting less than half the number of subscribers secured by the Norwegian operator over the same period. Ooredoo and Telenor, which recently announced financial results for the second quarter of 2015, have been locked in fierce competition, along with state-owned incumbent Myanma Posts and Telecommunications (MPT) in a battle for users across the increasingly connected … [Read more...]

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...]