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 received integrated telecom operator licences in February last year, and have to pay spectrum licences in three instalments, the Deputy Minister said.

“We have already received 75 percent of the spectrum fees from the two telecom operators. The whole fee is payable in three portions. We will receive the rest during this fiscal year,” he said.

Qatar’s Ooredoo and Norway’s Telenor paid $757.5 million and $375 million respectively, which is 75 percent of the total spectrum fees the two operators are obliged to pay for the 15-year operation period. The rest portion of $252.5 million from Ooredoo and $125 million from Telenor are expected in the current fiscal year.

As of the end of June, Ooredoo Myanmar has sold over 3.3 million SIM cards and K64 billion worth of airtime top-ups while Telenor Myanmar has sold over 7.4 million SIM cards and K92 billion in top-ups, according to the Ministry of Communications and Information Technology.

Source: Myanmar Business Today

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”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

 Opportunities from COVID19


Looking for foreign investors to invest in your business in Myanmar