Myanmar’s wireless market heating up

YANGON — Competition in Myanmar’s mobile phone market is getting fierce. With sustained downward pressure on prices, the industry fears it could squeeze itself out of profitability. And things could get worse. Last July, Myanmar’s Ministry of Communications and Information Technology said it would invite bids for a fourth mobile phone operator’s license. At first, […]

Myanmar mobile leaps along

Much talk in the telecoms market has been dedicated to the digital leapfrog: the almighty hop from legacy technology to a mobile-first future. Myanmar’s operators – state-owned incumbent Myanma Posts and Telecommunications (MPT), Ooredoo and Telenor – have seen subscriber figures jump by millions over the past few years; and though coverage rates have climbed […]

Central Bank Looks to Mobile Banking to Ramp Up Financial Inclusion

RANGOON — The Central Bank of Myanmar (CBM) revealed on its website on Monday the official rules and regulations for mobile financial service providers (MFSPs), seen by observers as a way to reach more rural customers throughout Burma. The regulations detail the application requirements, such as how to acquire a registration certificate and pay relevant […]

Telenor CEO: Warned Myanmar on telco tax

  Norwegian multinational Telenor is cautious about the impact of a new commercial tax planned by Myanmar on the country’s millions of mobile users, its chief executive said Friday. Myanmar, one of the world’s hottest frontier markets, is launching a 5 percent tax for mobile usage effective Friday, a move that comes amid fierce competition […]

Mobile firms splash the cash in Myanmar

OOREDOO has extended a US$2 million sponsorship to the Myanmar Football Federation and Myanmar National League for this year. Meanwhile, MPT-KDDI joint operations is sponsoring Myanmar Idol, the nation’s most popular singing contest. Recently, Telenor launched its first nationwide karaoke contest, offering the winner a prize of 200 million kyats (about Bt5.8 million) and a […]

Viettel picked for fourth telecoms tie-up with military partner

Hanoi-based telecoms operator Viettel has been granted the right to negotiate with a local consortium, including a military-run partner, with a view to receiving a minority stake in a company that is likely to be awarded Myanmar’s long-anticipated fourth telecoms licence. Viettel, which is owned by Vietnam’s defence ministry, was one of seven foreign companies […]

Yoma Bank, Telenor to Invest in Mobile Payments Joint Venture

Yoma Bank and Telenor are set to invest more than $8 million each over the next year in their new mobile payments joint venture, according to a company filing. Mobile money is expected to be a growth sector as the expansion of access to mobile phone and internet services coincides with efforts to give more […]

Clash complicates 2600MHz auction

A spectrum auction scheduled for the end of March may not come off as outlined in initial plans, as the communications ministry is still weighing commentary from the telecoms industry. At the beginning of February, the Ministry of Communications and Information Technology (MCIT) posted a consultative document about the auction of 140MHz of spectrum in […]

Redlink hits back over spectrum auction concerns

While international mobile operators Telenor and Ooredoo have criticised an upcoming spectrum auction for potentially coming ahead of finalised industry guidelines, a major local player has fired back, denying the sale is rushed and suggesting the companies are averse to competition. Multinational telcos Telenor and Ooredoo have raised concerns that selling more spectrum before the […]

Fourth Telco Operator to be Named in Mid-2016

  The government expects to select the fourth telecommunication operator in the months of June or July, an official said. U Chit Wai, deputy permanent secretary of the Ministry of Communications and Information Technology (MCIT) and a member of the Tender Selection Committee, told Myanmar Business Today, “One of the foreign companies will be selected […]