Foreign telecoms investment reaches $2.8bn

Foreign investment in the telecoms sector has exceeded US$2.8 billion over the past two years, boosting the country’s economy, according to the first Myanmar Mobile Symposium.

The event attracted about 200 representatives from the telecommunication sector to the Hilton Hotel in Nay Pyi Taw on Thursday. It was jointly organised by the three telecom operators, Myanmar Posts and Telecommunications (MPT), Ooredoo and Telenor, under the patronage of the global telecoms trade body GSMA.

The GSM Association is a trade body that represents the interests of global mobile operators and around 800 operators are full GSMA members.

Its officials urged the government to adopt better policies and enact simple regulations to attract more foreign investment. Moreover, policy makers should understand the importance of maintaining the country’s developing telecommunication and ICT sectors, they said.

Toshitake Amamiya, chief executive officer of MPT-KSGM joint operations, stressed the need to have laws and regulations suitable for the developing market.

 

Source: Eleven Myanmar

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