‘Mytel’ Plans to Invest $2bn

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The fourth telecoms provider, Myanmar National Tele and Communications Co Ltd (MNTC), plans to invest over US$2 billion in its network, it told the press at the Melia Hotel in Yangon on January 14.

MNTC was formally granted its telecommunication licence last week, going by the brand name Mytel, with “My” from Myanmar and “tel” from telecoms.

“Not everyone in Myanmar possesses a handset right now. There are many things to develop. Myanmar National Telecom Holding Public was founded in September 2015 before it was a joint venture with foreign investment. The government approved the Star High company’s proposal by the Ministry of Defence to be one of the shareholders of the company. The company invited an open tender to be a joint-venture company with foreign investment and chose Vietnamese telecoms provider Viettel last March. We intend to provide reception in rural areas and to enable advanced technologies, in line with the government’s wishes,” said the company chairman Khin Maung Soe.

Zaw Min Oo, chief external relations officer, said: “About 70 per cent of the population is rural. We are targeting them. We saw that people used the internet more than we expected. We are viewing it as an opportunity. Although we expect it will take about one year to prepare the services, it may be quicker as a result of sharing basic infrastructure. It is difficult to give the prices right now. We will provide 2G, 3G and 4G depending on the requirements of the users. If 5G is introduced, we will provide the service.”

 

Source: Eleven Myanmar

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