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Telenor and Ooredoo winners in Myanmar

Staff writer |
Myanmar awarded telecom licences to Norway's Telenor and Qatari firm Ooredoo, the government committee in charge said.

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The committee "is pleased to announce that Telenor Mobile Communications and Ooredoo have been selected as the two successful applicants", from the 11 global consortiums remaining on a shortlist, it said in the statement.

Telenor and Ooredoo (formerly Qatar Telecom) have no local partners and it will reman to be seen will they cooperate with local companies to build and secure cell towers. Ooredoo will invest up to $15 billion to connect 90% of people to 3G data networks within two years.

France's Telecom-Orange and Marubeni Corporation of Japan, will be back up options if either of the two successful companies fails to meet selection criteria, the selection committee added.

The winners of the bids will introduce mobile services to a nation where fewer than 10 percent of 60 million people has access to a phone. In the game were major telecom players, ten of them, including Singtel, Bharti Airtel and the Digicel group led by billionaire financier George Soros.

Telenor and Ooredoo will have to adhere to requirements under the Telecommunications Law which will be considered by Myanmar's parliament, the committee added.

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