Myanmar woos investments in infrastructure, transport and energy

With the recent enactment of the investment law and lifting of sanctions, Myanmar has become friendlier to foreign investment, particularly in infrastructure, transport and energy, according to its state investment agency. The Myanmar Investment Law was passed on Oct. 18 by combining the country’s foreign investment law and citizen investment law, providing income tax exemptions […]

Telenor Shifts Myanmar Focus to Data Services as ‘Hyper growth’ era ends

YANGON (Reuters) – Norwegian telecoms company Telenor will focus on improving data services in Myanmar, the head of the local business said on Wednesday, as an era of rapid subscriber growth following the opening up of the economy has ended. The liberalization of Myanmar’s telecoms sector has been a rare example of successful reform since […]

Myanmar calls for rural mobile coverage

YANGON (Myanmar Eleven/ANN) – Myanmar aims to provide mobile services to about 90 per cent of the population by 2020. Although mobile penetration has reached about 90 per cent of Myanmar’s population, many rural areas are left without coverage, according to Ministry of Transport and Telecommunications. “One of the objectives in the telecoms master plan […]

Telenor’s customer expansion slows in Q2 results

Telenor Myanmar’s subscriber count grew to 16.9 million customers, the company announced yesterday, with new users coming to the Norwegian mobile operator at their slowest-ever rate. The company’s revenue expansion also slowed compared to last quarter, against a backdrop of fierce competition in the local telecoms market. Telenor brought in 1.4 million new subscribers over […]

Fourth telco talks hit sticking points

Myanmar’s fourth mobile operator should have applied for its licence by now, according to a proposed timeline released earlier this year by its joint-venture formation committee. But the parties involved – preferred foreign partner Viettel, government shareholder Star High Public Company Limited and local consortium Myanmar National Telecom Holding Public Limited – are still at the […]

E-licence for tourism industry kicks off in Myanmar – TTG Asia

MYANMAR’S Ministry of Hotels and Tourism has, from July 1, launched an online registration portal (https://elicence.tourism.gov.mm) to facilitate permit applications and renewals for the travel and hospitality industry. At present, the Ministry of Hotels and Tourism issues four kinds of licences: a hotel licence costs between 200,000 kyat (US$170) and 1.9 million kyat, based on […]

New CEO for Norwegian Telco

Telenor Myanmar will have a new chief at the helm starting next month, the company announced yesterday. Lars Erik Tellmann, the telco’s chief financial officer, will take over as CEO from Petter Furberg on August 1. Mr Furberg will remain with Telenor in Asia, but move to a role in the company’s digital business operations. […]

Telenor tests 4G across five cities

Telenor Myanmar has tested fourth-generation (4G) mobile services in Yangon, Mandalay, Nay Pyi Taw, Myawady and Muse, a company spokesperson has told The Myanmar Times. The tests come as the Norwegian mobile operator looks to migrate to 4G, a move that rival telco Ooredoo has already started. The Qatari firm’s website says its fourth-generation rollout […]

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 […]

Overseas Private Investment Corporation to Disburse $250 Million Investment in Telecom Tower Infrastructure Project

NEW YORK & SAN FRANCISCO & WASHINGTON & YANGON, Myanmar–(BUSINESS WIRE)–The Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance institution, today announced that it has commenced the initial disbursement of a $250 million loan to Apollo Towers Myanmar Limited, based in Yangon. The disbursement marks OPIC’s first financing in the country as well […]