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, […]

Foreign firms take aim at Myanmar’s 4th licence, despite risks

Seven foreign companies have submitted applications to enter Myanmar’s fast-growing telecoms market as the government moves forward on plans to award a fourth mobile licence this year. The companies, which the government did not name, are keen to take a piece of the country’s lucrative mobile segment, which has expanded from 15 million connections to […]

Myanmar party chief’s ouster rocks his family businesses

YANGON — The dismissal of the head of Myanmar’s ruling party is creating a stir in business circles, threatening the future of companies run by his relatives. RedLink Communications is a top player in Myanmar’s rapidly expanding Internet service business, boasting the largest share. Hopes were growing that the company would go public on the […]