Myanmar 2014/15 FDI swells to $8.1 bln – govt agency

(Reuters) - Foreign direct investment (FDI) into Myanmar has soared to more than $8 billion this fiscal year, $3 billion more than anticipated, owing to increased activity in the energy, manufacturing and telecoms sectors, a senior official said. The investments reflect growing if cautious foreign interest in one of Asia's last remaining untapped markets, which is offering tax breaks and export tariff perks to create urgently needed jobs for its 50 million people. Myanmar received $4.1 … [Read more...]

Telenor traffic booths draw mixed reaction

Telenor’s sponsorship of traffic police huts are drawing mixed reactions from drivers. The Norwegian telco has inked an agreement to spruce up traffic huts in Yangon and Mandalay, outfitting the booths with a Telenor logo and an LED screen displaying a set of traffic rules in Myanmar language. Telenor Myanmar CEO Petter Furberg said it has not paid any money to the authorities. “The only cost Telenor has is painting and fixing the booths, as some were in a pretty bad state,” he told The … [Read more...]

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 reach 38.5 million at end-2019, up from 14.8 million at end-2014, as operators expand their networks to new cities and rural areas. According to … [Read more...]

Mobile tower firms turn the corner

The second year of building is under way for the tower companies working to extend coverage for Telenor and Ooredoo, moving steel and concrete by truck and buffaloes to thousands of sites around the country. Apollo Towers global project management officer Bill Pollack said the firm has learned a lot in the last year, as it worked through difficulties such as obtaining leases and permits and contending with the weather. “We’ve learned how to do this,” he said. “We’ve learned how to get past … [Read more...]

Telenor Myanmar Launches Postpaid Plan

Telenor Myanmar has launched a postpaid plan for customers in Yangon, Mandalay and Naypyitaw, the mobile network carrier said. Customers will be able to use this service in all of Telenor’s active coverage areas, Telenor announced. “For postpaid, our individual customers will get more convenience in terms of billing, meanwhile our enterprise customers will have special benefits for their companies. Going forward we will continue to develop services that will benefit our customers,” said … [Read more...]

E top-up service to spread nationwide

Red Dot Network, a mobile phone service provider in Myanmar, plans to expand the country's first top-up service nationwide in the near future. Andy Whelan, chief marketing officer, said the firm wanted to become the foremost provider of electronic top-up service and payment solutions in the country. The pioneering system of Red Dot represents the first step by a large retailer in Myanmar to diversify from the old, cumbersome scratch-cards. The new service was initially launched at all … [Read more...]

Telecom new comers promise greater connectivity

The days when a SIM card can cost as much as US$200 are totally gone following the liberalisation of the telecom industry, which welcomed two new players - Ooredoo and Telenor- into the country. Three weeks after its service launch on August 15, 2014, Ooredoo Myanmar, based in Qatar, sold one million SIM cards. Unveiling its services on September 27, Telenor Myanmar, a Norwegian company, sold two million SIM cards, priced as low as Ks 1,500 (US$1.5), in five weeks. Following the emergence … [Read more...]

Telenor launches first TV ad in Myanmar

Telenor, one of two international telecommunications firms with a licence to operate in Myanmar, has launched its first television commercial in the country. Created by independent Burmese agency Mango Communications, the commercial centres on a woman under pressure from her inlaws to prepare a signature dish from Mandalay. Lynn Lynn Tin Htun, head of Mango’s creative operation, explained the thinking behind the ad: “Telenor offers the lowest call rate in Myanmar, where mobile service … [Read more...]

Telecoms in Myanmar: Mobile mania

On the outskirts of Bago, a scruffy town in southern Myanmar, a tall, pale Scandinavian-looking man squints up at a four-legged telecoms mast that has recently sprouted next to a mud track. He is Petter Furberg, the boss of the Burmese operations of Telenor, a Norwegian mobile-telecoms operator. He concludes that more towers will be needed to provide the town with adequate coverage, and asks his contractors to put up some more. The job done, Telenor switched on its service in Bago on January … [Read more...]