Intense monsoon rains driven by Cyclone Komen, which have killed 69 people and displaced more than 260,000, have also disrupted network operations provided by the country’s top three telecommunications operators.
Outside Dagon Centre II in Yangon, it is not raining and the streets are dry. This marks the city as lucky compared to quite a lot of Myanmar, where whole villages have been swallowed up by what has been characterised by some residents as the worst flooding they’ve seen in decades.
The gap between international operator Ooredoo and its rival Telenor has widened again this quarter, with Ooredoo reporting less than half the number of subscribers secured by the Norwegian operator over the same period.
Norwegian operator Telenor has not taken any money out of Myanmar and will continue to support the economy by making US dollar payments to the government and reinvesting all of its revenues back into the business, said CEO Petter Furberg last week.
Telenor Myanmar’s second quarter (Q2) results have exceeded expectations once again. By July, the Norwegian operator had secured more than 10 million subscriptions, with much higher numbers of data users than anticipated, said Petter Furberg, the company’s Myanmar CEO, at a press conference in Yangon yesterday.
Tech firm FPT has become the first 100 percent foreign company to be granted a Network Facilities Service (Individual) licence as it looks for growth opportunities outside its home market of Vietnam.
Telenor Myanmar switched on its network of 13 towers in Kayah State yesterday, as the telco works toward expanding across the country.