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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Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. http://www.NovaAdvisors.com thomas@NovaAdvisors.com USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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