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Twenty percent of FDI into Myanmar expected to come from telecom

Now that the licenses to Ooredoo and Telenor have been granted, the discussion is shifting to investment and rollout.

“Telenor and Ooredoo have received licenses as service providers, but they can’t implement everything themselves,” said Aung Naing Oo, director-general for the Directorate of Investment and a member of the Myanmar Investment Commission (MIC), told the Irrawaddy last week. “We need other companies that can help their projects—for example, building fiber optic lines and towers around the nation—so we expect that some related foreign companies that can help them will be coming in the next year.”

Aung Naing Oo added that he expects 20 percent of FDI to come from telecom sector. Investment could come from other companies like Ericsson, and Japanese and Singaporean companies as well to help the two winners with building infrastructure.

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