A dark cloud has appeared on the horizon of the Myanmar telecom sector in the form of a license granted to a military affiliated company. There is precedent in countries such as Iran. As long as the regulator can regulate, ownership need not be an issue.
Usually the problem is the difficulty a regulator has in effectively exerting authority over the incumbent. The Myanmar incumbent is in such bad shape and the network in so undeveloped that this may not be such a huge concern. But a competitor with military clout is something else.
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