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, […]

Vietnamese Telecom Viettel to Invest $2bn in Myanmar Over Five Years

VIETTEL, Viet Nam’s largest mobile network operator, is expected to make US$2 billion investment in Myanmar’s telecom sector within five years, with plans to launch its service business next year, it is learnt. The Vietnamese group operates in ten countries in Asia, Africa and America, and will provide its telecommunications services for Myanmar people in […]

Can mobile technology bring Myanmar in line with other Asean nations

Myanmar’s central bank has released additional rules on mobile financial services that lay the foundation for efficient and secure mobile financial services in Myanmar. While most of the Association of Southeastern Asian Nation (Asean) region adopts online and mobile banking, Myanmar remains almost completely cash dependent, with most salaries still paid in cash. According to […]

Fourth Telco Operator to be Named in Mid-2016

  The government expects to select the fourth telecommunication operator in the months of June or July, an official said. U Chit Wai, deputy permanent secretary of the Ministry of Communications and Information Technology (MCIT) and a member of the Tender Selection Committee, told Myanmar Business Today, “One of the foreign companies will be selected […]

MPT opens flagship store in Yangon

Myanmar Posts and Telecommunications (MPT) has opened a brand new flagship store in Myanmar’s culture and business hub, Yangon. The new store is the first of over 100 MPT Branded Stores that MPT plans to open by end-March, to offer even more points of sale and face-to-face customer services including lost or damaged SIM cards […]

Ooredoo raises $300 million from IFC, ADB

Ooredoo Myanmar has raised US$300 million through a loan from the Asian Development Bank and International Finance Corporation, to fund the rollout of its network. In an announcement on February 7, the Qatari operator said the ADB and IFC would provide $150 million each, though provided no details of the terms of the financing. Last […]

Qatar’s Ooredoo digs into Myanmar, says to target the mass market

* Plans to invest $350 mln in 2016, says to widen distribution * Dismisses suggestions of Myanmar exit * Ooredoo smallers telecom operator by subscriber numbers YANGON, Jan 29 Qatari telecoms firm Ooredoo is investing more in Myanmar this year in a bid to broaden its appeal, the head of its local unit told Reuters, […]

Telecom price war intensifies

The price war in Myanmar’s telecoms industry has intensified as the two foreign players stepped up their efforts to dominate the market with cheaper internet packages. The latest battle took place on May 26 when Qatar’s Ooredoo announced that it would cut its 3G internet charge from Ks10 per MB to Ks6 for non-contract customers. […]

SIM sales soar as Myanmar races to catch up in telecoms

YANGON (Reuters) – Myanmar, long one of the world’s least connected nations in terms of telecommunications, is now racing to catch up, providing a boost to the foreign mobile companies allowed into the country last year. The number of mobile phone SIM cards in the south-east Asian country of 51 million people has shot up […]

MPT partnership talks drag on with foreign firm

Talks between Myanma Posts and Telecommunications (MPT) and Japan’s KDDI continue despite passing an internal deadline, according to insiders. MPT officials told The Myanmar Times previously that an agreement would be announced by the end of May, but now they say there is no firm end in sight. “Both sides want to sign an agreement […]