Singapore’s SingTel to invest in Myanmar

Myanmar information search service

Singapore’s SingTel has been in discussions with officials to invest in Myanmar’s telecom sector, according to local sources.

Kavin Wu Shiyuan, a representative from Singapore Telecommunications Limited met with Aung Naing Oo, the director general of Directorate of Investment and Company Administration (DICA) in Nay Pyi Taw on October 4.

Although SingTel failed to win in Myanmar’s contest for two telecommunications licenses, it will cooperate with Ooredoo and Telenor in network expansion works and help the country to build its own satellite system.

Singapore-based SingTel is the largest telecom company in South East Asia, operating in Malaysia, Thailand, India, Philippines, Australia, Indonesia, Bangladesh, Pakistan and Sri Lanka.

SingTel is said to begin its operations in Myanmar soon.

Source: ELEVEN Myanmar

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