Ooredoo to invest $15bn in Myanmar on bid success

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OOREDOO will invest $15 billion in rolling out a telecommunications network across Myanmar, should it win one of two licences being tendered in the Southeast Asian country, a senior company executive said.

The company would roll out a 3G data network across the country, reaching 90 percent of the population within two years if it wins a license, Chief Strategy Officer Jeremy Sell said on Wednesday.

“Myanmar is one of the world’s last exciting greenfields.

Over the lifetime of the licence, we are looking to spend $15 billion on the opportunity,” he said.

If Ooredoo is awarded a licence, it plans to build more than 10,000 base stations in Myanmar, focusing coverage on urban and downtown areas, Sell said. The Myanmar government is considering bids from 11 possible operators, he added.

Sell said Ooredoo could eventually take a 35 percent share of the mobile-phone market in Myanmar and is looking to form partnerships with distribution, retail and financial services companies in the country to help sell its products. The country’s mobile penetration rate could eventually reach 140 percent, he added.

The Myanmar government said in January it would grant two licences, each for 15 years, to open up its telecom market and increase voice and data penetration in a country where less than 10 percent of the population have a mobile phone.

About 5.4 million of Myanmar’s 60 million population had a mobile-phone subscription at the end of 2012.

 

 

 

 

Source : Myanmar Business Network | 9 June 2013

 

 

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About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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