Telenor gets approval for Myanmar exit
Norwegian incumbent Telenor has overcome the last big hurdle to the sale of its Myanmar operation.
Norwegian incumbent Telenor has overcome the last big hurdle to the sale of its Myanmar operation.
Myanmar’s authoritarian regime has taken steps to wind the clock back to a time when mobile services were barely affordable.
Telenor has sold its operations in Myanmar for less than a quarter of the licence fee it paid to enter the market seven and a half years ago.
The failed state of Myanmar, which is currently run by a military junta, is apparently preventing telecoms execs from leaving the country until they install wire taps.
Norwegian incumbent Telenor has been left reeling by the military coup in Myanmar, which has forced it to completely write off the value of its operation there.
A pair of towers deals in Asia will together bring in well over US$1 billion, it seems.
New entrant operator Ooredoo (formerly Qtel) officially launched voice and data services in Myanmar over the weekend, following a soft launch earlier this month.
New entrant operator Ooredoo (formerly Qtel) has launched voice and data services in three of Myanmar’s major cities, Mandalay, Nay Pyi Taw and Yangon, as part of final preparations for commercial launch later this month.
Japanese operator KDDI Corporation and trade, retail and logistics firm Sumitomo Corporation have reached an agreement with Myanma Posts & Telecommunications to jointly deliver telecoms services in the Republic of the Union of Myanmar.
Operator group Telenor has called on infrastructure vendor Ericsson to provide network equipment and managed services for its network in Myanmar. The two firms have signed a five year contract which sees Ericsson implementing equipment in a multivendor environment as well as provide managed services for the network.
Myanmar’s government has selected Norwegian operator group Telenor and Qatar’s Ooredoo (formerly Qtel) as the two successful applicants for its nationwide telecommunications licences.
The Government of the Republic of the Union of Myanmar, also known as Burma, has announced it will award two nationwide telecommunications service licences by the first half of 2013. The country currently has just one operator serving the market, state-owned telephone service provider Myanmar Posts and Telecommunications.
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