The Myanmar Times
Wednesday, 29 July 2015
The Myanmar Times
The Myanmar Times

Red Dot now in 3000 spots

Local payment services firm Red Dot has built up a network of more than 3000 retailers in Mandalay, Nay Pyi Taw and Yangon, chief marketing officer Andy Whelan said at a press conference yesterday.

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Ooredoo lowers internet costs

Ooredoo has cut its internet rates from K10 per megabyte to K6 per megabyte in a new promotion for the next three months – matching those of its international competitor, Telenor.

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Telenor works to address its child labour troubles

Telenor Myanmar has again found child and underage labour in its supply chain, violations which have increased as the company expands “aggressively” into new territory, CEO Petter Furberg said yesterday at the firm’s first local sustainability briefing.

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‘Tax on talking’ sparks backlash

A 5 percent tax to be levied on mobile top-ups beginning on June 1 is drawing public opposition.

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MPT may open more service shops

MPT is planning to open several more one-stop-service counters, providing service to customers including replacing lost SIMs, according to its deputy general manger U Thein Hote.

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MySquar aims at $25 million valuation as listing date nears

Social media company MySquar, now preparing to go public, has accepted a request from its brokers to up its share offering by 20 percent.

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Three telcos to levy 5% tax on top-up

A 5 percent commercial tax on telecom services in Myanmar will be officially enforced starting June 1, the Ministry of Communications and Information Technology (MCIT) announced May 18 at their office in Nay Pyi Taw.

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Myanmar Tower Co in talks for firm’s sale

Myanmar Tower Company (MTC), which is owned by Digical Asian Holdings, a joint venture between Digicel Group and YSH Finance, has been put up for sale, including all its contracts and sites, according to several market sources.

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Local consortium to claim Myanmar’s fourth telco licence

Yatanarpon Teleport (YTP) is working with a management committee to form a consortium of local partners, which will bid jointly for Myanmar’s coveted fourth telecommunications operator licence, according to YTP chief executive officer U Shane Thu Aung.

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MPT adds 8 million subscribers since July

MPT has sold more than 8 million SIMs in the seven months since Japanese telco KDDI and Sumitomo Corporation began a joint operations agreement in a bid to modernise the state-owned telco.

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