The Myanmar government is rushing to inject competition to the nascent mobile industry by inviting bids for the fourth license yesterday (July 27, 2015), said Reuters. Local firms, with registered capital of minimum US$2.37 million, may form foreign partnership and submit their proposal by August 24 (that’s less than a month).
Under the state-owned monopoly, Myanmar’s mobile penetration was just 2.5% in 2011. Following the entry of Telenor and Ooredoo in 2014, the penetration rose to 31.8% by end-2014. It was estimated to have passed the 50% mark by 31 March 2015, according to TeleGeography. The GSMA Intelligence has, however, lowered that figure to 27.5% at the end of June 2015.
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