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

Kerry in India

REUTERS SHOWCASE

Deadly Landslide

Deadly Landslide

Landslide near Pune kills 10, scores feared trapped.  Full Article 

Fed Policy

Fed Policy

Fed presses forward with bond buying, cites uptick in inflation.  Full Article 

Big Infra Deal

Big Infra Deal

Piramal, Dutch APG tie up for $1 bln infra investment  Full Article 

E-Commerce

E-Commerce

Amazon says to invest $2 billion more in India   Full Article 

Lupin Results

Lupin Results

Q1 net profit up 56 percent on higher U.S. drug sales   Full Article 

Smuggling Gold

Smuggling Gold

Air India staff found smuggling gold  Full Article 

Economy Reboots

Economy Reboots

U.S. economy back on track with strong second-quarter rebound .  Full Article 

Auto Sector

Auto Sector

VW closes in on Toyota as global auto leader  Full Article 

Expanding Reach

Expanding Reach

Tata to invest $35 bln over 3 years, focus on new businesses   Full Article 

Reuters India Mobile

Reuters India Mobile

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