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 […]

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 to roll out 4G in Myanmar as soon as summer

YANGON — Telenor Group will launch fourth-generation cellular service in Myanmar as early as this summer, Petter Furberg, CEO of the Norwegian carrier’s local arm, told The Nikkei. Telenor Myanmar is testing 4G in four cities. The rollout will begin when more spectrum becomes available, Furberg said. Myanmar’s government plans to hold an auction for […]

Swiber Bags $215M Contracts in Myanmar, Vietnam and Qatar

Swiber Holdings Limited, a Singapore-based offshore construction services provider to the oil and gas industry, reported Tuesday that it has won three contracts, worth $215 million, in the Middle East and Southeast Asia. The firm clinched an engineering, procurement, construction and installation (EPCI) contract from a European oil major to perform pipeline replacement work in […]

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 […]

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 […]

Overwhelming interest for Yangon Railway Station plot

Yangon – More than 70 local and foreign companies have submitted their expression of interests to develop the land plot surrounding the Yangon Central Railway Station, according to Myanmar Railways. An anonymous source from the tender scrutinising committee said that their bids would be shortlist and the result would be announced in the second week […]