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 […]

How Investors Helped Myanmar Telecoms

In 2010, when Myanmar held historic elections that would reduce the influence of the military and put the country on a path to democratic rule, it was a country that had endured decades of isolation. Less than 3 percent of the populations had mobile phones. This lack of connectivity limited not only access to service […]

Myanmar: 45 Million Mobile Phones And The $19 3G Smartphone – Forbes

The photo above shows a shiny new $19.44 smartphone for sale in Yangon.  When I saw this in small corner shop on Anawrahta Road near Pansodan a few weeks ago, the 23,000 kyat (at 1,183 kyat/US$1) price included one SIM card. As you can perhaps see, it’s 3G capable and has slots for two SIM […]

Telenor Group reports second quarter results, Myanmar growth

The Norway-based Telenor Group has reported positive second quarter results including continued growth in its mobile phone outreach in Myanmar, a country in the throws of a communication revolution after decades of military regime rule. Telenor and Ooredoo are the two main players competing in the largely virgin Myanmar market, helping everyone from farmers, to […]

Myanmar’s wireless market heating up

YANGON — Competition in Myanmar’s mobile phone market is getting fierce. With sustained downward pressure on prices, the industry fears it could squeeze itself out of profitability. And things could get worse. Last July, Myanmar’s Ministry of Communications and Information Technology said it would invite bids for a fourth mobile phone operator’s license. At first, […]

Central Bank Looks to Mobile Banking to Ramp Up Financial Inclusion

RANGOON — The Central Bank of Myanmar (CBM) revealed on its website on Monday the official rules and regulations for mobile financial service providers (MFSPs), seen by observers as a way to reach more rural customers throughout Burma. The regulations detail the application requirements, such as how to acquire a registration certificate and pay relevant […]

Mobile firms splash the cash in Myanmar

OOREDOO has extended a US$2 million sponsorship to the Myanmar Football Federation and Myanmar National League for this year. Meanwhile, MPT-KDDI joint operations is sponsoring Myanmar Idol, the nation’s most popular singing contest. Recently, Telenor launched its first nationwide karaoke contest, offering the winner a prize of 200 million kyats (about Bt5.8 million) and a […]

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 […]

UN Hails Myanmar’s Historic New Parliament

The UN has added its powerful voice of support for the dramatic leadership changes happening now at all levels in Myanmar’s government. When U.Thant of Burma (now Myanmar) was elected UN Secretary-General back in November 1962, he was the first Asian to hold that post after Trygve Lie of Norway and Dag Hammarskjold of Sweden. […] secures more foreign investment into Myanmar’s fast emerging Tech Sector. is proud to announce their recent win in securing new foreign investment from serial Entrepreneur and investor: Justin Sway, to support and grow their online business in Myanmar., is an online Real Estate Industry website and was the first online property website in Myanmar. The website was founded in 2011 and is now […]