Wednesday, July 26, 2017

Yoma sells tower firm stake for US$35m

Singapore-Listed Yoma Strategic has sold a 12.5 percent stake in telecom tower-owner Edotco Investments Singpore to Malaysian Axiata Group for US$35 million.

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Ooredoo reduces Myanmar losses

Qatari telecom firm Ooredoo continues to reduce losses in its Myanmar arm relative to 2015, according to the group’s third-quarter results, although the Myanmar operation saw new subscriptions dip compared to the last two quarters.

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Telenor posts higher revenues despite increased competition in telco industry

Telenor is facing “tough competition” in Myanmar, the group’s chief executive Sigve Brekke said in a results presentation yesterday. The Norwegian firm is seeing subscriptions growth in the country slow, but its Myanmar operations have still posted higher revenues so far in 2016 than in the whole of the previous year.

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Flight ban on Galaxy Note 7s

The fire-prone Samsung Galaxy Note 7 smartphone is now prohibited onboard MAI and Air KBZ flights, following a spate of reports about the device’s propensity for spontaneous combustion.

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State-owned telco rolls out 4G services

The last of Myanmar’s three established telecommunications firms has rolled out fourth-generation services. MPT is offering customers 4G in select locations in Yangon and Nay Pyi Taw, but aims to cover the country after purchasing additional spectrum next year.

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Fourth telco licence just weeks away

Myanmar’s fourth telco has a brand name and could have its licence within the next two months, according to government officials and people involved in the new firm.

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Telenor and MPT withdraw spectrum auction interest

Telenor and MPT have withdrawn applications to bid at the first in a series of eagerly anticipated broadband spectrum auctions.

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Silicon Valley school comes to Yangon

Budding entrepreneurs dreaming about quitting day jobs to found successful start-ups will soon have access to a Silicon Valley-designed training school that aims to help them do just that.

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Telcos to offer online solutions to SIM card registration

Myanmar’s telecommunications firms are stepping up efforts to help customers register their SIM cards by next year’s deadline to avoid having their cards blocked.

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Local start-ups get ready for six-month accelerator

Yangon innovation lab Phandeeyar welcomed the six teams selected for its accelerator program last week. The young tech entrepreneurs have US$25,000 and six months to prepare to pitch investors with start-up ideas ranging from an online comic reading app to a microloan platform.

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