Myanmar MPT to get investment from Japanese partners


Posted by on July 12, 2015  /  0 Comments

When Japan’s NTT bought 35 percent of the equity of the formerly government owned incumbent operator in Sri Lanka, it radically increased the pace of investment by the company. But this was using funds generated from within the company, primarily from the money earned from its exclusivity over international telecom services. Appears Myanmar’s incumbent has worked out a better deal.

Myanmar’s state-owned operator plans to expand its network by increasing the number of base stations from 2,000 to 5,000 by Q2 next year.

Its Japanese partners KDDI and Sumitomo will contribute JPY200 billion ($1.6 billion) to the upgrade plan.

Myanma Posts & Telecommunications (MPT) is the market leader with a 47 per cent market share, but it is losing customers to rivals Telenor and Ooredoo, which launched mobile service almost a year ago.

MPT also plans to increase the number of retail stores from five to 50 in Q2.

Report.

Comments are closed