Myanmar has invited local companies to submit proposals to become the country’s fourth telecoms operator in partnership with a foreign firm.
The Ministry of Communications and Information Technology (MCIT) said in a statement that the successful…
Myanmar has invited local companies to submit proposals to become the country’s fourth telecoms operator in partnership with a foreign firm.
The Ministry of Communications and Information Technology (MCIT) said in a statement that the successful applicant and foreign partner, to be sought at a later date, will together form a “special purpose vehicle”.
Applicants must have a registered capital of at least MMK3bn (about US$2.6m) and submit proposals by 24 August. The licence will be for 15 years initially, but may be extended.
Myanmar opened up its telecoms market in 2013, when it issued mobile licences to Qatar’s Ooredoo (DSM: ORDS) and Norway’s Telenor (OSE: TEL) following a hotly-contended tender process. MPT, a joint venture between the telecoms ministry and Japanese telco KDDI (TYO: 9443), holds the third licence.
This July, Telenor said its subscriber base in Myanmar had surpassed 10 million, while Ooredoo said it had 3.3 million customers at the end of April.
Earlier this month, the government reportedly awarded a 15-year fixed-line and internet services licence to Vietnamese technology provider FPT (HCM: FPT).
