YTP in talks for Vietnamese partnership

The fourth mobile operator set for Myanmar is close to finalising partnership talks with Vietnam’s military-run Viettel , according to Reuters news agency.

In November the firm had said it planned to partner with an unnamed Myanmar firm with an investment of US$800 million.

Partnering with Yatanarpon Teleport (YTP) is seen as the last way for a foreign mobile operator to enter the market in the near term. Myanmar conducted a high-profile licence race for two foreign operators in 2013, which were ultimately won by Telenor and Ooredoo. Myanmar state-owned operator MPT, the sole incumbent, subsequently partnered with Japan’s KDDI.

YTP does not yet have a mobile network or a licence, but has been tapped as the fourth operator. However, company officials have repeatedly said they would seek a partner, having narrowed down a shortlist of 16 interested foreign firms late last year.

Company officials previously said that YTP would remain a majority Myanmar-owned company and also anticipates transitioning to a public company in the near future, which would allow local people to purchase shares.


NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here