Myanmar Grants 123 Licenses to Telecoms Companies Since 2015

Myanmar authori­ties issued a to­tal of 123 licens­es to companies in the booming telecommuni­cations sector in the past two years, official media reported last week.

The licenses were grant­ed to 85 foreign and 38 lo­cal companies by the Post and Telecommunications Department. They cov­ered business activities including network facili­ties services, application services and nationwide telecoms services.

At present, the three ex­isting operators providing services in the country are Norway-based Telenor, Qatar-based Ooredoo and government-owned My­anmar Post and Telecommuni­cations (MPT).

The department has plans to issue more li­censes to both local and foreign firms.

According to official statistics, foreign invest­ments were mostly in­jected into the transport and communication sec­tor with $3.08 billion in the past 2016-2017 fiscal year.

That figure is a significant proportion of the total $8.154 billion of foreign investment that flowed into the telecom­munication sector from late 1988 to March this year.

 

Source: Myanmar Business Today

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