TrueMoney finds a niche in Myanmar’s mobile fintech space

TrueMoney, one of the newest additions to the string of fintech firms vying for a slice of the mobile money market in Myanmar, is upping its game in the face of rising competition. Its strategy is to meet demand for a service to facilitate international mobile cash transfers by Myanmar residents. “We have a channel […]

Myanmar’s State-Backed Telcos Seek Backing to Take on New Rivals

Burma’s two state-backed telecommunications operators are seeking investors to put in more than US$1 billion as they prepare to compete with foreign newcomers, Norway’s Telenor and Qatar’s Ooredoo. Telenor and Ooredoo won the bidding for two new licenses in June to provide telecoms services in the country but are still waiting for final approval, expected […]

Vodafone & China Mobile drop out of Myanmar Telco Tender

Subscribe to our tender alert mailing list Field narrows in mobile network tender Vodafone and China Mobile said Friday they were dropping out of the race to enter Myanmar, one of the world’s last unexplored mobile telephone frontiers. They were one of 12 foreign consortiums short-listed by the former army-ruled country to bid for two […]

Telecom bidders vie to stand out in Myanmar ‘beauty contest’

Subscribe to our tender alert mailing list Bidders for telecom licences in Myanmar are stepping up activities in the country in hopes of scoring high in a “beauty contest” being held by consultants hired by the government. The 12 shortlisted candidates were prequalified on April 11. The two successful applicants will be named on June […]

‘Beauty contest’ for Myanmar’s telecoms bid

Subscribe to our tender alert mailing list International telecoms giants have been roped into a pageant as they jostle for two operating licenses in Myanmar ahead of final bids in June, following an announcement from the government on Monday that the winners will be selected through a ‘beauty contest method’. The government has hired Roland […]

12 firms pre-qualified for Myanmar 2 telco licence

Subscribe to our tender alert mailing list Out of the 22 applications that were received – the Myanmar’s Ministry of Communication of Post and Telegraph has announced that 12 applicants have been pre-qualified to submit tender for the 2 telco licence. The pre-qualified firms are: Airtel Consortium Axiata Group Berhad Digicel (Soros’ Quantum Strategic Fund […]

George Soros among 22 bidders vying for telco licence in Myanmar

Subscribe to our tender alert mailing list The Quantum Strategic Partners whose principal adviser is Soros Fund Management has teamed up with Digicel Group Limited and YSH Finance to enter into the battle for the telco licence. “It’s quite a big opportunity,” Digicel spokeswoman Antonia Graham told AFP. “We are looking at an initial project […]