Singapore Telecommunications ltd
( Sing Tel ), the largest telecommunications company in South-East
Asia, is making arrangement to invest in Myanmar, according to local
media.
Singapore Telecommunications (Sing Tel )
is a group with businesses in telecommunications, data and internet
services, info-communications technology and pay TV. The largest public
–listed company in Singapore by market capitalization. Sing Tel also
derives over 70 percent of its revenues from international investments
and operations as of the last year.
“Sing Tel expresses interest in
competitiveness with local and foreign companies penetrating into the
local communications market in Myanmar,” Bloomberg News Agency said.
The company has started making efforts
since January in order to gain the mobile phone service license in
Myanmar and is arranging to take part in competitive bidding system.
In his meeting with the media persons,
CEO Chua Sock Koong of Sing Tel replied that we are finding out a good
experience for market orientation. Now, Myanmar communications market is
very interesting. However, we need to understand Myanmar’s
communications matters.”
Sing Tel company has gained popularity
in Asian market and owned the considerable market share in Thailand,
Indonesia and India. If the company gains the permit of mobile phone
service license in Myanmar, it is likely to make investments on a basis
of joint venture with other local companies.
The state owned newspapers released on
January 15, that Myanmar Posts and Telecommunications invited local and
foreign operators who want to provide communications services to send
the application form writing Expression of Interest-EOI for their
license through competitive bidding system.
The Telecommunication Operator Scrutiny
Committee formed by the Union Government has invited the Expression of
Interest-EOI to send to the operators who are providing communications
services and the committee will also grant permission to the applicants
two kinds of communication service licenses before July.
The application forms of Expression of
Interest-EOI must be sent not later than February 8 and the local and
foreign companies already applied for telecommunication services are 90
in total.
source: Eleven Myanmar
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