The director of one of 11 local firms that will form part of Myanmar’s long-awaited fourth telecom operator says the consortium will receive its telecoms licence next week.
A year has passed since the government announced a tender for a fourth operator, which Vietnam defence ministry owned-firm Viettel won through dint of being the only one to submit its proposal by the deadline.
The company joined with a consortium of 11 local firms called Myanmar National Telecom Holding Public, and a subsidiary of military-run Myanmar Economic Corporation called Star High Public Company.
U Zaw Min Oo, a director of Myanmar Technologies and Investment Corporation – one of the 11 local firms – told The Myanmar Times this week that he expects the telco to receive its licence on December 21.
“The ministry is arranging to provide the telecom license on that day in Nay Pyi Taw,” he said, adding that he could not share any further details of the new firm.
U Zaw Min Oo said in October that senior management positions have been filled, with a Viettel official taking the chief executive position.
The new telco will hold a press conference in Yangon on December 23 after receiving the licence, he told The Myanmar Times this week.
U Myo Swe, deputy director of the Posts and Telecommunications Department under the Ministry of Transport and Communication, said on December 13 that the ministry was in the “final stage” of giving the licence.
‘“Currently, we are discussing the license template and when this process finishes we will give the licence,” he said.
The new telco join state-owned incumbent MPT, and established foreign firms Telenor and Ooredoo in the competition for customers. Although senior executives at the three existing telcos have said that with the rate at which firms are adding customers slowing, competition will shift towards data services.