Myanmar Investments To Focus On Existing Investments Given Climate

Myanmar Investments International Ltd on Friday said it is unlikely to consider any new investments given the uncertain situation in Myanmar. Myanmar Investments, which focuses on investment within the country, has opted to develop its existing investments rather than pursue new ones. The company switched to a leaner approach to investing in its previous year, […]

Telecom licence awardees announced

The Ministry of Communications and Information Technology has granted communication licences to three telecom companies, according to Than Tun Aung, director-general of the telecommunications directorate. Those licence awardees are KDDI, E-Lite and Yatanarpon Teleport companies. A total of 50 local and foreign companies have applied to the directorate of telecommunications for communication-related services such as […]

Mobile tower firms turn the corner

The second year of building is under way for the tower companies working to extend coverage for Telenor and Ooredoo, moving steel and concrete by truck and buffaloes to thousands of sites around the country. Apollo Towers global project management officer Bill Pollack said the firm has learned a lot in the last year, as […]

Foreign banks chip in for tower firm’s loan

Telecoms tower company Pan Asia Majestic Eagle has completed what it claims is the first cross-border, non-recourse financing arrangement in Myanmar. The US$85 million loan will finance its tower build, with financing provided by DBS, ING, OCBC, Standard Chartered and Sumitomo Mitsui, according to a press release. OCBC and Sumitomo Mitsui both won licences to […]