Viettel picked for fourth telecoms tie-up with military partner

Hanoi-based telecoms operator Viettel has been granted the right to negotiate with a local consortium, including a military-run partner, with a view to receiving a minority stake in a company that is likely to be awarded Myanmar’s long-anticipated fourth telecoms licence. Viettel, which is owned by Vietnam’s defence ministry, was one of seven foreign companies […]

Myanmar’s first electronic bill payment solution launched

2C2P a leading Southeast Asian (SEA) payment services provider, and Myanmar Payment Union (MPU), the national payment network of the Republic of the Union of Myanmar, have launched Myanmar’s first electronic bill payment solution, easyBills according to a media release on 9 June. 2C2P and MPU are providing a non-cash payment option for prepaid phone […]

Red Dot now in 3000 spots

Local payment services firm Red Dot has built up a network of more than 3000 retailers in Mandalay, Nay Pyi Taw and Yangon, chief marketing officer Andy Whelan said at a press conference yesterday. A customer waits at a shop in the Red Dot network. Photo: Naing Wynn Htoon / The Myanmar TimesA customer waits […]

Local consortium to claim Myanmar’s fourth telco licence

Yatanarpon Teleport (YTP) is working with a management committee to form a consortium of local partners, which will bid jointly for Myanmar’s coveted fourth telecommunications operator licence, according to YTP chief executive officer U Shane Thu Aung. After years in which the telecommunications sector was dominated by state-owned monopoly Myanma Posts and Telecommunications (MPT), in […]

Ooredoo mobile money initiative big help for Myanmar ‘unbanked’

: The announcement of Qatar’s telecom operator to launch a mobile money initiative throughout the Middle East, Africa and Southeast Asia (Gulf Times reported on May 6) is a big step forward for chronically “underbanked” Myanmar, where around 80% of presumably over 60mn people – currently a census is going on, the first since 1983 […]

Myanmar military backed MecTel To Compete With Telenor And Ooredoo

Ooredoo and Telenor, two foreign companies that won the lucrative telecom licenses in Myanmar, may face tough competition from a little-discussed domestic Myanmar company jointly owned by the army-backed Myanmar Economic Corporation (MEC) and the state-backed Myanmar Posts and Telecommunication (MPT). “It is planned to grant licenses to two local operators — Myanmar Posts and […]

Uncertainty over law clouds Telecom tender

Consortiums submitting final bids this week for two telecoms licences are grappling with a number of uncertainties, particularly over the legislative framework for telecoms liberalisation. Analysts said these uncertainties could have a dampening effect on how much contenders are willing to offer as a licence fee but have broadly praised the government’s handling of the […]