Vimpelcom reportedly eyeing Myanmar

24 Jul 2012

According to ComNews, Vimpelcom is planning to enter Myanmar’s telecoms market. The news follows the recent announcement by the government of Myanmar that it will open its telecoms sector to foreign investors via up to three public-private joint ventures. Under its draft liberalisation framework, the government will retain 51% ownership in all telecoms joint ventures, while it intends to impose rollout conditions stipulating coverage of rural areas for all licensees. In the Asia & Pacific region Vimpelcom currently provides services in countries including Cambodia and Laos, although it sold its stake in the unprofitable GTel Mobile in Vietnam in April 2012.