Bharti named bidder in race for Myanmar mobile licences

YANGON Thu Apr 11, 2013 6:24pm IST

A Bharti Airtel advertisement board is installed against the backdrop of company's telecommunication tower in Kochi November 30, 2012. REUTERS/Sivaram V/Files

A Bharti Airtel advertisement board is installed against the backdrop of company's telecommunication tower in Kochi November 30, 2012.

Credit: Reuters/Sivaram V/Files

Related Topics

Stocks

   

YANGON (Reuters) - Myanmar has announced the names of 12 international consortia that have pre-qualified to bid for two mobile licences, moving closer to opening one of the last major untapped mobile markets.

The companies include Bharti Airtel Ltd(BRTI.NS), China Mobile, Japan's KDDI Corp, Africa's MTN(MTNJ.J), Singapore Telecommunications Ltd(STEL.SI), Norway's Telenor SA(TEL.OL) and Digicel, a group backed by billionaire George Soros.

"The pre-qualified applicants will be required to submit their applications to the committee by June 3, 2013," the Telecommunications Operator Tender Evaluation and Selection Committee said on its website on Thursday.

The committee expects to announce the names of two winners to receive 15-year telecommunications licences by June 27, it said.

China Mobile has teamed up with Vodafone (VOD.L), while France Telecom-OrangeFTE.PA is working with Marubeni, and Africa's MTN with M1 Telecom and Amara Communications.

SingTel has joined with Myanmar Telephone Co Ltd and KBZ, while KDDI has teamed up with Japan's Sumitomo Corp (8053.T) and Myanmar Information and Communication Technology Development Corp.

Other pre-qualifiers are Axiata Group(AXIA.KL), Millicom International Cellular SA(MICsdb.ST), Qatar TelecomQTEL.QA and Viettel Group.

The bidding has attracted wide interest from international telecoms firms, which see huge opportunities in a country of 60 million where mobile penetration is just 5-10 percent, compared with rates of over 100 percent in many developed markets.

Myanmar, where SIM cards are prohibitively expensive, has said it hopes to increase mobile penetration to 80 percent in three years, lifting it off the bottom of the world's ladder of mobile use.

(Reporting by Aung Hla Tun; Writing by Khettiya Jittapong; Editing by Mark Potter)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Diplomacy

REUTERS SHOWCASE

Maruti Results

Maruti Results

Maruti Suzuki says profits helped by sentiment, not growth.  Full Article 

Tracking the Monsoon

Tracking the Monsoon

Monsoon turns patchy after revival.  Full Article 

ICICI Profit Up

ICICI Profit Up

ICICI Bank Q1 net profit up 17 percent, beats estimates.  Full Article 

Pharma Sector

Pharma Sector

FDA raises concern over drug production process at Cadila  Full Article 

Coal India

Coal India

Some Coal India mines may be run by foreign firms - minister  Full Article 

Fuel Prices

Fuel Prices

IOC to cut petrol prices by 1.5 pct from Friday  Read 

Economic Pulse

Economic Pulse

India's infrastructure output growth hits 9-month high in June  Full Article | Related Story 

Joint Bid

Joint Bid

ONGC, Oil India bid $1.5 bln for stake in Murphy Oil's Malaysia assets - sources  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage