Bharti consortium in final stage of Myanmar telecom licence race - source
NEW DELHI (Reuters) - A consortium of India's Bharti Airtel Ltd(BRTI.NS) has qualified to enter the final stage of a telecommunications licensing process in Myanmar, a company source said on Thursday, pitting it against some of the world's leading carriers to secure a permit in one of the last major untapped markets.
There are still more than a dozen companies competing for the two licences on offer, the source said, declining to give any further details.
China Mobile, Vodafone(VOD.L), and a group backed by George Soros last week said they were in the race for a telecom licence in Myanmar.
(Reporting by Devidutta Tripathy; Editing by Sunil Nair)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Data released on Friday showing a slowdown in India's economy will put the Reserve Bank under renewed pressure to cut interest rates, while Prime Minister Narendra Modi takes his time over reforms needed for a revival. Full Article