In Myanmar, the third operator overtook the second, and is close to the first. In Sri Lanka, the fourth operator reached first place within a few years and never let go of that position. That’s evidence enough that entry order is not the sole deciding factor. But the fact that MPT under new management is still in the lead shows that it’s not insignificant. One needs a new business model, a different technology or some secret sauce. The secret sauce in the case of Mytel is the military linkage that is likely to give it privileged access to tower sites. But will that be enough?
Mytel’s investment has reached about US$1 billion (1.34 trillion kyat) including licence fees.
In the current telecom market, MPT (Myanmar Posts and Telecommunications) possess 42 per cent of the market share, Telenor 35 per cent and Ooredoo 23 per cent. Mytel has vowed to provide the best service and become the best operator, although it is the fourth and final operator. Ooredoo and Telenor launched their services in 2014.
Mytel is jointly owned by Myanmar National Telecom Holding Public Co Ltd with 23 per cent of its shares, Star High Public Co Ltd with 28 per cent and Viettel from Vietnam with 49 per cent.
The Ministry of Transport and Communications granted a telecom licence to Myanmar National Tele & Communications Co Ltd at a cost of $300 million.